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Forex Market Sees 'Dead Cat' Bounce Initiate Wave-C zigzag

Discussion in 'Technical Analysis' started by Kaitlin, Jun 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD bearish momentum is most likely a wave 1-2 (green). A break above the 100% level of wave 2vs1 invalidates this wave structure. A break below the support (green) could see price fall towards the Fibonacci targets of wave 5 vs 1+3 and horizontal bottoms (green).[​IMG]

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