1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

Pullback To Fibonacci Levels Expected After Impulsive USD Breakouts

Discussion in 'Technical Analysis' started by Kaitlin, Aug 29, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD respected the resistance trend line (red) and broke various support levels (dotted greens) on Friday. The bearish price action fits within the wave XY (brown) correction of wave D (green). A bullish bounce at the 50% or 61.8% Fibonacci levels of wave D vs B could complete wave[​IMG]

    Continue reading...

Share This Page