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US Dollar Breaks Support With Impulsive Price Action

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

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD bounced at the support trend line (dark green) as indicated in yesterday's wave head line, but rallied with such a bullish momentum that a larger bullish ABC (blue) is probably taking place. Price is in a wave X (purple) unless it manages to break above resistance (red) and[​IMG]

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