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

US Dollar Slow Bullish Correction Implies Further Weakness

Discussion in 'Technical Analysis' started by Kaitlin, Aug 2, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD is building a flat consolidation zone which is a passive correction. Prior to the correction, price was showing bullish momentum so a renewed bullish continuation seems likely at this point. The Fibonacci levels of wave 2 vs 1 are resistance levels, but a break above 100% invalidates the wave count.[​IMG]

    Continue reading...

Share This Page