EUR/USD H1 Analysis

















General overview for 29/10/2015: 
H4 and H1 time frame:
Please notice that current downward wave progression might be missing wave v blue to complete the cycle, but any breakout higher above the level of 1.1000 would partially decrease the probability of the last push down and increase the probability of corrective re-bound to the upside. The first target is the level of 1.1096. Bullish divergence on H1 time frame supports the view.

Support/Resistnace:
1.0895 – Local Low
1.0995 – Intraday Resistnace
1.1096 – Wave 4 High

Trading recommendations:
Yesterday the members of VIP SERVICE have closed the set of SELL NET orders with +904 pips of profit. Currently we are waiting to see if the market will behave according to wave scenarios and then we will trade accordingly.

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About the author

Sebastian Seliga

Aktywny trader, analityk, ekspert metod inwestycyjnych bazujących na teorii fal Elliott'a, geometrii Fibonacciego i nie tylko.

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