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Will EUR/USD, GBP/USD Follow The Example Of USD/JPY Breakout?

Discussion in 'Technical Analysis' started by Kaitlin, Jul 5, 2016.

  1. Kaitlin

    Kaitlin Forum Member

    Aug 29, 2015
    Likes Received:
    The EUR/USD is respecting the 50% Fibonacci retracement level of wave 2 (brown). A bearish breakout below the support (light green) of the bull flag chart pattern could spark the start of a wave 3 (brown) as seen on the USD/JPY as well earlier this week. A bullish push still[​IMG]

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