EURUSD 11.09.2013

Hi all,


I'd like to update my view on EURUSD. You can find my previous post on EURUSD here http://supamanfx.blogspot.com/2013/09/eurusd-10092013.html

I suspect the correction ABC has come to an end @ 50 back retracement. Bearish divergence signal a possible change in direction.

Key Support lies @ 1.32293, below this level would confirm downside acceleration. 

http://d.pr/i/Ix3a - H1 chart 

Alt. scenario: ED w5 of C http://d.pr/i/S72K - H1 chart

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UPDATED: As price action unveil itself, wave iv of C is more complex than expected. I'd like to update my view on EURUSD

http://d.pr/i/aWbd - H4 chart, keep in mind price is at horizontal resistance zone (Gray area)

http://d.pr/i/9DYR - H1 chart, Fibo 61.8% is darn close. Bearish divergence signal Bull team running out of gas.

http://d.pr/i/3wBq - M30 chart

Key Support lies @ 1.3253, I'm bearish below this level


Please give your comment on this. Thank you


Supaman_fx

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