EUR/USD H1 Update

General Overview for 26/08/2013 12:00 CET:

Last impulsive bullish count has been invalidated. it looks like there will be more to the downside in this wave Y of B to finish the correction.

Only a breakout of the golden trend line invalidates the count.

One 2 One measured move level @ 1.3255 is in confuence with 78%Fibo, what makes this level strong support and it is worth to play for intraday scalp.

Support/Resistance on H1:

1.3461 - WR1

1.3451 - Intraday High

1.3413 - 1.3426 - Supply Breakout Zone

1.3307 - WS1

1.3298 - 61%Fibo

1.3259 - 1.3268 - DEMAND ZONE

1.3205 - Swing Low

Trading Recommendations:

Any price below the golden trend line should be sold.

Buying the golden trend line breakout  seems to be a way to trade this pair in case cutrrent outlook is invalidated: If golden trend line is broken, next level is 1.3400

LAST WEEK OF 
30-DAY FREE TRIAL ON WWW.RESISTANCEINVEST.COM 

FOR ALL NEW CLIENTS. 

JOIN NOW!!!