Tuesday, 20 August 2013

Eur/Usd NOw where?

On the 4h chart we are still tracking wave C), with sub-wave 5 in progress on the hourly chart. Divergence on MACD and Elliott Wave Count suggest that current rally is in low volume and momentum which is evidence of approaching turning point. Resistance zone is at 1.3400-1.3480.
EURUSD 4h - Elliott Wave Analysis Chart
EURUSD
EURUSD 1h- Elliott Wave Analysis ChartEURUSD 1h

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