On the Daily chart, is consolidating the figure Bearish ABCD which makes us assume that the descent of the euro-dollar is likely to continue in the medium term. In today's day, the euro area retested 1.3064 (0.382 Fibo) and then descend again and touch the intermediate support ... If the euro stays below 1.3064 area likely to continue to fall until the next Fibonacci level, for then go on to test the neckline of the figure head and shoulder and test finally, the weekly support ... Only with the breaking of the neckline think we could see the euro lower in area Target wave 3 ...
good Trading
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The_Boss1
⋅
05/07/2013
The euro today, broke the 0.5 level (1.2868) Fibonacci and I think that next week will most likely touch the neckline and weekly support at the price of 1.2774. Only by breaking the weekly support zone could reach 1.2670 0.618 Fibonacci ... Maintain short positions
The euro today, broke the 0.5 level (1.2868) Fibonacci and I think that next week will most likely touch the neckline and weekly support at the price of 1.2774. Only by breaking the weekly support zone could reach 1.2670 0.618 Fibonacci ... Maintain short positions