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GBP/USD Plunges Below 1.30 Support After Historic Breakout

Discussion in 'Technical Analysis' started by Kaitlin, Jul 6, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is breaking below the support trend line (dotted green) after bouncing at the 50% Fibonacci retracement level of wave 2 (brown). Price could now fall to challenge the 1.08 support level (green). A wave 3 (brown) becomes more likely if price manages to break below that support and[​IMG]

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