General Overview for 12/11/2013:
The corrective pattern of Double ZigZag is almost finished and the target level is @ 1.6418
From this level I would ecpect more downside pressure, but please bear in mind that this might be just a first leg of more complex corrective structure.
Support/Resistance:
1.5911 – Swing Low
1.5957 – WS1
1.6153 – Weekly Pivot
1.6415 – 61%Fibo | Target Zone for wave c green|
1.6550 – 78%Fibo
1.6594 – WR1
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