Dear Traders,
the EUR/USD made a bullish retracement towards the 38.2% Fibonacci retracement level as expected. The correction occured in a typical bear flag chart pattern and a new bearish continuation could occur when price breaks below the bear flag towards the 38.2% Fib at 1.15.
The GBP/USD is in a contracting triangle chart pattern and could stay volatile within this range.
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Many Green pips,
Chris Svorcik
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