Wave Analysen

Daily Wave Analysis for 14 February 2014 2014.02.14


EURUSD

The EURUSD bounced at the 2 trend line support (blue and black), then broke resistance (orange) trend line to move up to the 61.8% target (blue) as shown in yesterday’s charts.

4 hour chart EURUSD:

A break above resistance (purple trend line) or a break be

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Daily Wave Analysis for 13 February 2014 2014.02.13


EURUSD

The EURUSD respected the 61.8% Fibonacci retracement level at 1.35590 and continue in its corrective formation.

4 hour chart EURUSD:

A break above resistance (orange trend line) or a break below support (blue trend line) could mean breakouts to the up and downsi

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Daily Wave Analysis for 12 February 2014 2014.02.12


EURUSD

The EURUSD has broken through the resistance trend lines (purple) but also though the support lines (blue).

4 hour chart EURUSD:

Price moved up to the 100% target and stopped at that level. Price could potentially use the broken resistance (purple trend line) a

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Daily Wave Analysis for 11 February 2014 2014.02.11


EURUSD
The EURUSD has broken through the resistance trend lines (purple) and could now be on its way up for wave Y (purple).

4 hour chart EURUSD:

Price action seems to be moving up correctively so a corrective wave count has been tentatively put on the chart. The top a

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Daily Wave Analysis for 10 February 2014 2014.02.10


EURUSD

The EURUSD made some upside gains during the news events last week but it is now sitting at a resistance line (solid purple) which is a bounce or break spot.

4 hour chart EURUSD:

Will the EU bounce or break this line? The wave count be impulsive (1-2’s) or

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