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Momentum Boost in Forex Market

Discussion in 'Technical Analysis' started by FXStreet_Team, Jan 22, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD broke one of the support trend lines (dotted green) during the ECB news event. A break below the next support level (light green) could price fall towards the Fibonacci retracement level of wave X vs W. 1 hour The EUR/USD broke below the chart pattern with an impulsive wave C (pink). The bullish bounce saw price move back to the resistance (orange) trend line, which could be a wave X (green) of a larger correction. GBP/USD 4 hour The GBP/USD showed another lower low

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