Wednesday, November 13

EUR/NZD H4


General Overview for 12/11/2013:
The corrective pattern of Double ZigZag is almost finished and the target level is @ 1.6418
From this level I would ecpect more downside pressure, but please bear in mind that this might be just a first leg of more complex corrective structure.

Support/Resistance:
1.5911 - Swing Low
1.5957 - WS1
1.6153 - Weekly Pivot
1.6415 - 61%Fibo | Target Zone for wave c green|
1.6550 - 78%Fibo
1.6594 - WR1

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