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Tuesday, 6 August 2013

EUR/USD H1 Update

General Overview on 06/08/2013 09:00 CET:
There might be some direrction starting here after abc Irrgular Flat wave (ii) is done: the current wave progression points out the posiibility of a impulsive bearish movement to the downside.
Only a new high invalidates the bearish Outlook, 
Support/Resistance:
1.3360 - WR1
1.3343 - Swing High
1.3310 - 78%Fibo
1.3272 - Weekly Pivot
1.3224 - Intraday Support
1.3187 - Swing Low
1.3163 - 1.3171 - DEMAND AREA
Trading Recommendation:
According to my count: Shorts should be in play but please mind new high will invalidate the count.


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