{lang: 'en-US'} EUR/USD h1 & H4 Update ~ ElliottFxTrader Blog

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Friday, 5 October 2012

EUR/USD h1 & H4 Update

The rally stalled at 61% FibRet of latest swing down. There is Weekly Resistance level No 2 as well , so it might be quite a hurdle for bulls.

Nevertheless, I expect more upside progress in waves to finish wave 3 or (c) somewhere at 1.3120 area. That Could be a nice move in three waves up as a whole wave B.

There is a possibility that this move upward (that might be labeled as wave B) is finished in three waves up (a) (b) (c) @ 61%Fibo.


Seb



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