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Forex Market Shows Calmness Before The Storm

Discussion in 'Technical Analysis' started by Kaitlin, Mar 15, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD continues with building a contracting triangle after strong bullish momentum last week. Price has stopped at the 38.2% Fibonacci and could the same with other retracement levels. A break below the bottom of wave X (blue) invalidates the current wave count.[​IMG]

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