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US Dollar Bounces At S&R And Prepares For Crucial Breakouts

Discussion in 'Technical Analysis' started by Kaitlin, Oct 14, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD indeed showed a bullish bounce at the 50% Fibonacci level of wave D vs B and the psychological round level of 1.10 after a bullish 4 hour candle appeared yesterday. Price is probably in an ABC zigzag (green) and the Fibonacci levels of wave B (green) are expected[​IMG]

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