Translate

Tuesday, January 14, 2014

EUR/USD - Wave 2 is almost done. Look for renewed downside pressure soon.

EUR/USD:

We have seen the expected rally above the 1.3686 high and I will be looking for a move closer to 1.3718 before the top is likely in place. To confirm the top a break below support at 1.3637 is needed, which will confirm renewed downside pressure towards important support near 1.3200.

Short term expect minor support at 1.3685 to protect the downside for a triangle consolidation, before the last rally higher towards 1.3718.

2 comments:

  1. Hi! Can you update your GBPUSD analises? Thanks

    ReplyDelete
    Replies
    1. Hi Zink,

      I have posted an update of GBP/USD.

      Kind regards
      EWS

      Delete