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Major Forex pairs arrive at critical decision zones

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD retraced back to the 50% Fibonacci level and showed a bullish bounce. This could complete wave B (blue) within a larger ABC zigzag (blue). 1 hour The EUR/USD is at a resistance trend line (red) which is a potential break or bounce spot. GBP/USD 4 hour The GBP/USD’s wave count has been changed to reflect the larger bullish price action. Price is still at levels of resistance such as the trend line (red) and 61.8% Fib. A break above the brown horizontal line

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