1. Hello Guest Click here to check FX Binary Point Financial Directory

US Dollar Gains Strong Bullish Momentum In Wave 3

Discussion in 'Technical Analysis' started by Kaitlin, Sep 19, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The trend line (orange) indeed acted as resistance and the EUR/USD fell below support (dotted green) as indicated last week. A bearish zigzag seems the most likely and the current bearish momentum is wave A (green). On the larger scale a contracting triangle is probably taking place and price is[​IMG]

    Continue reading...

Share This Page