US Dollar Buids Bearish Zigzag Pattern

Discussion in 'Technical Analysis' started by Kaitlin, Jan 12, 2017.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD bounced near the support trend line (blue) connecting the previous bottoms. Price is now retesting again resistance trend lines (orange/red). Price could make a bearish turn at the 61.8% or 78.6% Fib if price breaks above resistance (orange/red). The wave 2 (brown) is invalidated if price breaks above[​IMG]

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