Wednesday, August 23, 2017

is the bullish trend on eur gbp over?

Euro pound collided on the level of 161.8% of the  quarterly and half-year fibonacci of 0.9229 and closed on the bottom of the candle at the level of 0.9222
and equal to the previous quarter of the year 2017, which represents the months of June and May and April in levels of fibonacci  from the June top and the bottom of the April with data with the first half of the year because the June summit of the top of the summit of the first quarter and seabed April less than the first quarter
and therefore when we draw a Wave Fibonacci ratios between June top at the level of 0.8879 and bottom of April at the level of 0.8312, we find that the level of 0.9229 represents a 161.8% Fibonacci who stopped historical trends on different currency pairs .
.  other hand, we find that a summit on 23 August, less than 0.9235 The great psychological figure 0.9250five points and less from the summit of 7 October 2016, which amounted to 0.9306 by 70 pips
therefore, we now stand at 161.8% Fibonacci level and near the No. myself and near the extraordinary summit of the abrupt wear to the market.points the summit created because of the sudden drop of the cable in Asian period
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