Instrumental Chart Patterns Appear On EUR/USD And GBP/USD

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    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).[​IMG]

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