Wednesday 8 October 2014

EURUSD













EURUSD 1Hr
The EURUSD pushed above 1.2700 after FOMC minutes release and is now trading at around 1.2730. Expecting the EURUSD to fall after rallying to around 1.278 completing the formation of a bearish Gartley harmonic pattern. The 1.278 price level represents a 1.41 extention of the XA leg and a 2.24 extention of the BC leg. 1.2785 is also the monthly pivot making it a strong potential turning point and a key resistance level.

1 comment: