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Thursday, 8 November 2012

EUR/USD M30 & H4 Update

 Now it looks like that is out of a very important series of bull's point of view - we are the first to confirm that it is possible to pit blue wave B (divergence between waves 3 and 5 on the MACD, weekly support 1 is not pierced), which means that it will be a new top. However, the last wave, the fifth, can be stretched downwards. Especially if the strong co consider the possibility of interest rate cuts by the ECB 25pb. In this case, the level of 1.2625 can be achieved.

Seb


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