EUR/USD H1

General Overview for 07/04/2014:

The impuslive wave progression to the downside has not been finished and there is more  waves comming as long as the level of 1.3819 is not broken. Please mind the retracement zones for wave (ii) green. On the bigger picture the current swing top at the level of 1.3965 might be the main important swing top now as the impulsve wave progression is still developing to the downside. Confirmation of this idea comes with the level of 1.3470 breakout.

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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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