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US Dollar Approaches Decision Zone For Next Trend

Discussion in 'Technical Analysis' started by Kaitlin, Aug 25, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD is building a bearish ABC zigzag (orange) within wave 4 (green) unless breaks below the 61.8% Fib of wave 4 vs 3 and support trend line (green). A bullish break of resistance (red) could see price make an extension of wave 5 (green) towards the 78.6% Fibonacci level.[​IMG]

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