EURUSD May Face Resistance At 1.13001.1400 Level

EURUSD turned up in March, but for now only with three waves back into the area of a former wave four. So we believe that rally is corrective, most likely of a black wave IV which is now trading also close to 38.2%. That's ideal Fibonacci level for fourth wave, so new bearish reversal could occur sometime this month. Technical resistance is seen at 1.1300-1.1400.
EURUSD Daily Elliott Wave Analysis

Written by www.ew-forecast.com

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Views: 343

Comment by Pip Logic on May 5, 2015 at 1:28pm

are you counting this or is it software

Comment by Gregor Horvat on May 5, 2015 at 1:29pm

its my head and my mind working every day from 6am :)

Comment by Oasis on May 5, 2015 at 1:33pm

:)

Comment by Rizwan on May 5, 2015 at 3:12pm


:D

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