EUR/USD H1

General Overview for 24/03/2014:

The top for wave X black seems to be in place and now this is the very bearish scenario for wave Y. The decline has not been finished yet and the first target for wave 3 is at the level of 1.3742. In case this level is broken, next target and strong support level is at the level of 1.3703.

Support/Resistance:
1.3876 – WR1
1.3844 – Technical Resistance
1.3795 – Intraday Resistnace
1.3760 – Weekly Pivot
1.3742 – Min. target for wave 3
1.3703 – Typical target for wave3
1.3694 – WS1

Trading Recommendations:
Sell the rallys up th the level od 1.3844.

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