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NFP impact on the Forex waves

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD broke above the tight range (purple) and moved higher towards the resistance trend line (orange). A break above could indicate the continuation of waves Y. The Non-Farm Payroll employment change data could have a major impact on price movement and direction. 1 hour The EUR/USD could have completed the 3rd wave (green) of an ABC bullish zigzag (blue). GBP/USD 4 hour The GBP/USD is expanding the wave 4 (pink) retracement and has retraced back to the 61.8% Fibonacci

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