Monday, April 21, 2014

Eur/Usd Analysis for 21st to 25th April 2014

This pair started the bearish mid-term run on 11th April and retraced upward 3days after to prepare for more bearish run.

The trend outlook is still bullish and if the bearish mid-term run should continue, I expect it to end at 1.3735 which is a nice reversal zone from elliot wave and harmonic pattern point of view at a strong support level..

I will wait to buy at the indicated zone/level if I see a bullish signal.

A picture speaks more than a thousand words, check my analytical chart below.

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