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Major Currency Pairs Reach Sturdy Fibonacci Levels

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

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD retraced back to the 38.2% Fibonacci level, which caused price to pause. A break down could see price fall deeper towards the 50% and 61.8% Fibonacci levels. A break up could price retest the resistance levels. A break below the support trend line (green) confirms the completion of[​IMG]

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