EUR/GBP H4

General Overview for 18/12/2013
Impulsive rally with has been finished withtermination patter of Ending Diagonal at the end.Currently pair is in corrective cycle that looks like a ZigZag. First leg is sone (a purple), now leg b purple is missing and then final push to the downside. Targets on chart.

Support/Resistance:
0.8500 – WR2
0.8470 – WR1
0.8456 – 61%Fibo
0.8409 – Weekly Pivot
0.8381 – WS1
0.8346 – Technical Support
0.8319 – WS2

Trading Recommendations:
Sell the rallys up to the level of 0.8418.

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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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