EUR/USD h1
Minuette Wave Level
EUR/USD may start correction since Minuette Wave Level pitchfork has been shaped. Yet, the process is complicated due to the price being within the boundaries of Micro scale downward pitchfork. Today, on September 15, 2011, the intraday movements of the pair will be conditioned by how the following resistance levels will be reached: 1.3735 of the starting line of Micro Minuette Wave Level pitchfork and 1.3762 of the lower border of Minuette Wave Level pitchfork.
Break of the resistance level 1.3762 of lower border of Minuette Wave Level pitchfork 1/2ML channel -> the price moving within the 1/2ML channel of correction Minuette Wave Level pitchfork 1.3762 <-> 1.3861 <-> 1.3961, if 1.3961 is broken the price will remain firmly within the boundaries of Minuette Wave Level pitchfork equilibrium zone 1.3897 <-> 1.4019 <-> 1.4142, to keep on moving further;
Rebound from the resistance level 1.3735 on the starting line of Micro Minuette Wave Level pitchfork -> the price may well get back to 1.3561 on the crossing of the red zone of Minuette Wave Level pitchfork and upper boundary ISL38.2 of Micro Minuette Wave Level pitchfork equilibrium zone, the break of this level will target the price to 1.3500 on the crossing of the starting line of Wave Level pitchfork and ML of Micro Minuette Wave Level pitchfork , if 1.3500 level fails , the EUR/USD price will move towards 1.3442 level on the Wave Level pitchfork test line <-> 1.3351 Shiff of Micro Minuette Wave Level pitchfork <-> 1.3281 the final line of Micro Minuette Wave Level pitchfork.
EUR/USD m15 & m5
Micro and SubMicro wave levels
Support and resistance levels detaled in minor scale
