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,
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
According to my count: Shorts should be in play but please mind new high will invalidate the count.