GBPUSD Zigzag And EURUSD Range Within Waves 2

Discussion in 'Technical Analysis' started by Kaitlin, Oct 9, 2015.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD broke the resistance trend line (dotted red) with a lot of hesitation. Price is still respecting the heavy resistance layer at around 1.1325 which is the 61.8% Fibonacci retracement level of wave 2 (brown). A break of the various support levels (greens) would confirm the completion of the[​IMG]

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