EUR/USD, GBP/USD Test Support Fibs and Decision Zone

October 2, 2017

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.

Watch the 10 min video here:

Many green pips,

Chris Svorcik

Follow @ChrisSvorcik on twitter for latest market updates.
Connect with Chris Svorcik on Facebook for latest Forex and education tips.


Free Reports:

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





Article by Admiral Markets

Source: EUR/USD, GBP/USD Test Support Fibs and Decision Zone


Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.