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US Dollar Breakout To Confirm Or Invalidate Key Levels

Discussion in 'Technical Analysis' started by Kaitlin, Oct 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    Support and resistance (S&R) levels remain key. The EUR/USD remains in a contacting ABCDE triangle chart pattern (blue) unless price breaks above the invalidation level (pink). A break below support (green) indicates that a wave Y (brown) is most likely starting within wave d (green).[​IMG]

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