By Admiral Markets
The EUR/USD, GBP/USD bullish bounce at the 23.6% and 38.2% Fibonacci level could create a larger upside. This is invalidated if price breaks below the Fib levels. In that case, price will most likely make a bearish breakout towards the next Fib support.
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Many green pips,
Chris Svorcik
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Article by Admiral Markets
Source: EUR/USD, GBP/USD Test Support Fibs and Decision Zone
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