Weekly Forex Overview: Bounce & Break Spots in Forex

September 12, 2016

By Admiral Markets

The EUR/USD is expected to face resistance and a bearish bounce at 1.1250-75 back to the bottom of the triangle support. A break above or below the triangle could occur, although a bearish breakout within a larger wave D has the best probability. The GBP/USD could complete its bullish ABC zigzag. The USD/JPY is could break above a large and long daily downtrend channel whereas the AUD/USD shows that it is close to support.

Article by Admiral Markets

Source: Weekly Forex Overview: Bounce & Break Spots in Forex


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