Wave Analysis

Daily Wave Analysis for 28 February 2014 2014.02.28


EURUSD

The EURUSD price structure remains choppy (big sideways consolidation). Price bounced back yesterday at the 38.2% Fibonacci level.

4 hour chart EURUSD:

Due to the choppiness the wave count is highly vulnerable to change but smaller breakouts (green and red arrows)

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Daily Wave Analysis for 27 February 2014 2014.02.27


EURUSD

The EURUSD price structure remains choppy (big sideways consolidation). Price is currently resting at support (blue trend line).

4 hour chart EURUSD:

Yesterday’s move down went to the 50% Fibonacci level at +/- 1.3668. A break above resistance (purple) or below sup

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Daily Wave Analysis for 26 February 2014 2014.02.26


EURUSD

The EURUSD price structure remains choppy (big sideways consolidation), although most recently an uptrend can be detected (blue support lines).

4 hour chart EURUSD:

A break above resistance (purple) or below support (blue) could mean breakouts to the up or down sid

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Daily Wave Analysis for 25 February 2014 2014.02.25


EURUSD

The EURUSD price structure remains choppy (big sideways consolidation), although most recently an uptrend can be detected (blue support lines).

4 hour chart EURUSD:

A break above resistance (purple) or below support (blue) could mean breakouts to the up or down sid

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Daily Wave Analysis for 24 February 2014 2014.02.24


EURUSD

The EURUSD price structure remains choppy (big sideways consolidation), although most recently an uptrend can be detected (blue support lines).

4 hour chart EURUSD:

A break above resistance (purple) or below support (blue) could mean breakouts to the up or down sid

...

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