US Dollar Break Unlocks Bearish Momentum

Discussion in 'Technical Analysis' started by Kaitlin, Aug 23, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD used the 38.2% Fibonacci retracement level as a support for a bullish bounce at wave 4 (green). Price also broke above the resistance trend line (dotted red) which could indicate the continuation of wave 5 (green).[​IMG]

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