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Instrumental chart patterns appear on EUR/USD and GBP/USD

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 28, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD has stopped at the 38.2% Fibonacci level of wave X (blue). Price could use this zone for a bullish bounce or a bearish break towards lower Fibonacci retracement levels. 1 hour The EUR/USD is in pro-longed corrective channel as indicated by the purple trend lines. A break below it could price move towards the 50%/61.8% Fibonacci level whereas a break above the channel could indicate a start of wave 3 or C (orange). GBP/USD 4 hour The GBP/USD has made a pullback

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