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Thursday, 11 July 2013

EUR/USD H1, H4 & Daily Update

General Overview on 11/07/2013 is in this video here:


http://www.youtube.com/watch?v=ZwAOOsVQ4tM

Support/Resistance:


1.3274 - 78%Fibo/61%Fibo Expansion Level
1.3226 - WR3
1.3182 - Swing High
1.3152 - WR2
1.3018 - 38%Fibo
1.2968 - 50%Fibo
1.2956 - WR1
1.2878 - Weekly Pivot

Trading Recommendation:

As long as 50% (ideally 38%)  Fibo level will hold, long side is preffered in aticipation of second wave of the ZigZag to happen with Tp @ 1.3274.

Seb

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