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Pullback To Fibonacci Levels Expected After Impulsive USD Breakouts

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

  1. Kaitlin

    Kaitlin Forum Member

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    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]

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