December 09, 2011 10:03:27 AM by
Peter
Currency Trading EURUSD Forex Technical Analysis
EURUSD 1.33
TradingLevels: Bounce off 133 to 13372 Group2 zone is a basic guess for an abc correction, however step by step level by level, if the price can find support on group1 13330 then look at 13350 the Midpoint expect a correction, then if support is found trading to 13372.
The flipside is to observe a much shallower corrective pattern stuck at 133 but within the range of group1 above and group2 below, so when and if 13272 becomes the resistance then short from there
Elliott Wave: abc correction at 133
Trading Strategy: Long above 133 and short below as the starting point then simply work the sublevels and groups