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Wave Structure Explain Complicated US Dollar Charts

Discussion in 'Technical Analysis' started by Kaitlin, Apr 13, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
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    The EUR/USD showed a bullish attempt to break above the heavy resistance layer at 1.15 but failed to push above it. The failure to break means that price is still moving sideways in between strong layers of support (green) and daily resistance (red). The wave C (blue) could now be[​IMG]

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