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GBPUSD Bearish Momentum: USD Strength But How Much?

Discussion in 'Technical Analysis' started by Kaitlin, Mar 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD broke the support trend line (dotted green) and the wave count now shows the ABC (orange) completing the wave Y (green). Whether the bearish break is a reversal for more downside or a retracement for more upside remains to be seen. The purple trend lines could provide an[​IMG]

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