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Thursday, 14 November 2013

EUR/USD H1


General Overview for 14/11/2013
The count has been slightly re-labeled and now it indicates that a low for wave 1 might be in place @ 1.3294 IF price will break above 1.3540.
Otherwise there is still possibility that lower degree count of (i) green and now WXY of wave (ii) green is correct as long as 1.3540 is not broken.

Previous count has been abandoned due to too long in time triangle correction of a possible wave (iv) of wave 1.

Support/Resistance:
1.3294 - Swing Low
1.3388 - Weekly Pivot
1.3482 - WR1
1.3503 - 1.3520 - KEY LEVEL | SUPPY ZONE |
1.3540 - Invalidation Line
1.3625 - 61%Fibo

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