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Wave Analysis Explains Extension Of US Dollar Weakness

Discussion in 'Technical Analysis' started by Kaitlin, May 3, 2016.

  1. Kaitlin

    Kaitlin Forum Member

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    The EUR/USD managed to break above the 1.15 resistance level (dotted red) after it completed the wave X (purple) last week. Price could continue to higher Fibonacci targets. The wave C (blue) could change into a wave 3 if price manages to extend the bullish momentum.[​IMG]

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