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Sluggish EURUSD Breakout Reaches 100% Fibonacci Target

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD is showing a new lower low but still has some space left towards the two main Fibonacci targets. The oscillator will need to move down a lot lower and break below the previous bottom (purple) to avoid double divergence. The FOMC meeting minutes could heavily impact price action during today. 1 hour The pace of the EUR/USD’s bearish wave 3 has been rather slow and price has only just managed to reach the 100% Fibonacci level. Typically waves 3 should reach the 161.8%

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