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Monday, 24 March 2014

EUR/USD H1


General Overview for 24/03/2014:

The top for wave X black seems to be in place and now this is the very bearish scenario for wave Y. The decline has not been finished yet and the first target for wave 3 is at the level of 1.3742. In case this level is broken, next target and strong support level is at the level of 1.3703.

Support/Resistance:
1.3876 - WR1
1.3844 - Technical Resistance
1.3795 - Intraday Resistnace
1.3760 - Weekly Pivot
1.3742 - Min. target for wave 3
1.3703 - Typical target for wave3
1.3694 - WS1

Trading Recommendations:
Sell the rallys up th the level od 1.3844.


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