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Forex Market Presents Corrective Waves During Trading Week

Discussion in 'Technical Analysis' started by Kaitlin, Aug 31, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD seems to be respecting the 38.2% Fibonacci retracement level of wave D (green) vs B. A bearish break below that Fib level could see price extend the bearish breakout below support (dotted green) towards the 50% or 61.8% Fibonacci levels.[​IMG]

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