USD Marked by Critical S&R Trend Lines

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 22, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    EUR/USD 4 hour The EUR/USD bounced substantially at the 50% Fibonacci level and could retest the resistance level (red). A bigger bearish correction could still see support at the Fibonacci level. 1 hour The EUR/USD is in a bullish channel (green) and needs a new break above resistance (orange) before a continuation of wave 3 (blue) is more probable. A break below the channel could change the wave count. GBP/USD 4 hour The GBP/USD seems to be in a wave 4 (green) consolidation zone. A bearish

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