1. Hello Guest Click here to check FX Binary Point Financial Directory

Remarkable Wave Patterns Develop In Forex Market

Discussion in 'Technical Analysis' started by Kaitlin, Jun 10, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD did not manage to break above the 61.8% Fibonacci resistance level and instead broke below the support trend line (dotted green). This bearish breakout has seen strong momentum but price is still above long-term support (green). For the moment this dip has been marked as wave X (purple)[​IMG]

    Continue reading...

Share This Page