General Overview for 11/11/2013:
Very short term labeling for this pair shows a potential triangel breakout outside the Triangle wave (iv) green here.
Please notice that this wave progression might get very complex now and bounce/reverse might be in play after triangle is done.
Break of red line is first clue of count invalidation.
0.8190 – Swing Low
0.8210 – Invalidation Line
0.8310 – Impulsive count invalidation line
0.8410 – 0.8420 – KEY LEVEL
Stay away until situation will be more clear UNLESS You like to trade Triangles, then short the levels on chart.