Wave Analysis

Daily Wave Analysis for 21 February 2014 2014.02.21


EURUSD

The EURUSD has bounced to the upside (at magenta) but the entire structure remains choppy (big sideways consolidation).

4 hour chart EURUSD:

A break above resistance (purple) or below support (blue) could mean breakouts to the up or down side (green and red arrows)

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Daily Wave Analysis for 20 February 2014 2014.02.20


EURUSD

The EURUSD has bounced to the upside (at magenta) but the entire structure remains choppy (big sideways consolidation).

4 hour chart EURUSD:

A break above resistance (purple) could mean breakouts to the downside (green arrows) but the spaces are very small as bigge

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Daily Wave Analysis for 19 February 2014 2014.02.19


EURUSD

Recently the EURUSD has bounced to the upside but the entire structure remains choppy (big sideways consolidation).

4 hour chart EURUSD:

A break above immediate resistance (orange) could mean breakouts to the downside (green arrows) but the spaces are very small as

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Daily Wave Analysis for 18 February 2014 2014.02.18


EURUSD

The EURUSD has used the 61.8% Fibonacci retracement as a support level for upside continuation, but price is now near resistance (red dotted).

4 hour chart EURUSD:

A break above resistance (red dotted) could mean breakouts to the downside (green arrows).

60 min char

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Daily Wave Analysis for 17 February 2014 2014.02.17


EURUSD

The EURUSD has used the 61.8% Fibonacci retracement as a support level for upside continuation, but price is now near resistance.

4 hour chart EURUSD:

A break above resistance (red dotted) could mean breakouts to the up and downside (green and red arrows).

60 min ch

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