4th of June 2007
Forecast/prompting
Resistances
* 1.9897/1.9905 = resistance of H4, its break equals 3rd wave (or С) upward at H4
* 1.9960 = 62% D1 1.9676-2.0133
* 2.0025/30 = 162% of 1st wave H4 1.9676-1.9897
* 2.0125/33 = 200% of 1st wave H4 1.9676-1.9897 + D1 max
Supports
1.9732 = H4 min
1.9718/23 = reminding a trap
1.9676 = D1 min (trap 1.9661 = 50% of D1 1.9183-2.0133)
1.9624 = 162% of 1st wave H4 1.9732-1.9897
1.9550 = 200% of 1st wave 1.9732-1.9897 + 62% of D1 1.9183-2.0133
Comments:
Variant – Change of midterm trend and development of strong impulse upwards.
Variant – continuing flat downward.
At the moment, Sell is absolutely undesirable or only with tough stops.
”Buy” variant looks like applicable, but surprises are also possible (in order to change good position into unexpected).
+ focus on EUR, as it will show what market is supposed to do next.