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.

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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

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

 

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