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US Dollar Gains Solid Bullish Momentum

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    EUR/USD 4 hour The EUR/USD has broken below the various support levels of the 4 hour chart which indicates the start of a wave 3 or wave C (green). Whether price is in a wave 3 or C will depend on how far price can drop, which will be impacted by the FOMC statement this week. 1 hour The EUR/USD fell once more last week and has now probably completed wave 3 (blue). Waves 4 typically retrace back to the wave 4 of one degree lower (green). GBP/USD 4 hour The GBP/USD price action is caught in a

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