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EURUSD; Intraday Correction Coming!?Top ↑  Our Services Video Tour | Subscribe to our newsletter Sep 09 2014 EXCLUSIVE OFFER AVAILABLE NOW: 2 Months For Price Of 1 On On EURUSD we were looking down with our members yesterday, for a drop into wave five as reaction to the NFP figures was nothing else than just another correction within downtrend. Well, new lows were seen recently, which is now fifth wave of a five wave decline from 1.3219 with current price testing some important Fibonacci levels. We see price at wave i)=wave v), and also at 261.8% Fibonacci extension level compared to wave i) measured from wave ii) high. Despite that, there is a divergence on the RSI between waves iii) and v), suggesting a limited downside as well. As such bounce could follow soon, but ideally that one will be again only in three legs back to 1.2980-1.3000 resistance area. .png) Newsletter archive
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