USD bearish zigzag as pullback

November 28, 2016 09:29

The EUR/USD is building a bullish correction at the weekly support levels and Fibonacci levels are used to identify key bullish targets and potential resistance spots for a downtrend continuation. The AUD/USD also shows bullish momentum and could expand its correction although a resistance zone will first create a bearish bounce. The USD/JPY trend will probably only pause slightly with a bull flag chart pattern before continuing and the GBP/USD seems close to a bearish turn.

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