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Forex Market Breaks Trend Lines And Fibonacci Levels

Discussion in 'Technical Analysis' started by Kaitlin, Aug 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD broke the resistance (red dotted) of the small consolidation zone and moved up towards the 61.8% Fibonacci retracement level, which has served as a resistance point till now. A push above this Fib could see price challenge the 78.6% Fib level of wave 2 vs 1, but a[​IMG]

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