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Major Currency Pairs Boost Sturdy Momentum After Breakout

Discussion in 'Technical Analysis' started by Kaitlin, Aug 17, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD broke the resistance (dotted) with strong momentum, which could indicate that it was a wave 3 (orange). In that case a wave 4 and 5 (orange) could unfold soon. The wave 4 (orange) structure is invalidated if price moves below the 78.6% Fibonacci level of wave 4 vs 3.[​IMG]

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