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US Dollar Price Action Becoming Increasingly Indecisive

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 30, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD downtrend has until now only reached the 100% Fibonacci target level and has not seen a substantial bearish impulse as yet, which increases the chance of an ABC (green) developing rather than a 123 (green). 1 hour The EUR/USD is making another bear flag chart pattern (green lines), which is a typical formation for a wave 4. The invalidation level remains the 50% Fib and trend line (red). GBP/USD 4 hour The GBP/USD downtrend has been very slow in starting and showing

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