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Strong Bullish Price Action Remains Leading Factor On EUR/USD

Discussion in 'Technical Analysis' started by Kaitlin, Jun 7, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD showed strong bullish price action, which increases the chance of a bullish ABC zigzag (orange). The EUR/USD retraced back to the 23.6% Fibonacci level of wave B (orange) and could now be building a channel (red/blue). A break below the channel could indicate that price is retracing back[​IMG]

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