Major Currency Pairs Move Towards Fibonacci Targets

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

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD continued its bearish momentum yesterday but still remains above support levels like the Fibonacci retracements and trend line. This zone could turn out to be a zone where price will show a bullish bounce (if it breaks above resistance) or a bearish break (if it breaks below support).[​IMG]

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