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Wednesday, 18 December 2013

EUR/GBP H4

General Overview for 18/12/2013
Impulsive rally with has been finished withtermination patter of Ending Diagonal at the end.Currently pair is in corrective cycle that looks like a ZigZag. First leg is sone (a purple), now leg b purple is missing and then final push to the downside. Targets on chart.

Support/Resistance:
0.8500 - WR2
0.8470 - WR1
0.8456 - 61%Fibo
0.8409 - Weekly Pivot
0.8381 - WS1
0.8346 - Technical Support
0.8319 - WS2

Trading Recommendations:
Sell the rallys up to the level of 0.8418.


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