EUR/USD Completed Corrective Wave

EUR/USD Completed Corrective Wave

Indicators :

- RSI Period 14 with 30 level as oversold and 70 level as overbought.

- The 4X1, 2X1, 1X1, 1X2 and 1X4 Gann Angels.

- Gann’s Price&Timing Study.

- Simple Moving Average 50 Period (Blue), 100 Period (Red) and 200 Period (Green) on the chart.

  • The Euro did V-Shaped pattern in 4H chart yesterday as well as testing 50SMA that short-term would be shrink in first time meet.
EURUSD 1H July 14, 2011

1H Chart

  • Short-Term Forecast, 1H broke below 1X1 angel’s Gann from date 2011.07.04′s hight will pressure for let market falling by the time by degree.
  • Elliott Wave study, there’re finished a b c correction as well.
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