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US Dollar Trapped Between Support And Resistance

Discussion in 'Technical Analysis' started by Kaitlin, Mar 9, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD completed a shallow ABC zigzag (green). Price has broken below the support trend line (dotted green) in the meantime. For the moment it seems most likely that price will bounce at one of the Fibonacci levels as part of wave X (blue) for a corrective expansion towards Waves[​IMG]

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