Eur is at the moment pull backing after finding support at 1.3465/70 area.
It was the zone mentioned intraday in the blog as a multiple support point.
The second setup after the first from 1.3515 to 1.3470 succeeded ,was the shorting at 1.3500 about with stop 1.3520.
It was failed.
We have thw value at the moment trading above 1.3520 at 1.3530.
Next critical points to short contrarian are 1.3546/52 and 1.3570 with last 1.3598.
First backwards support to take the long trade is from 1.3495.
It depends on which it reaches first in order to place order.
The question not yet cleared up is what it has done at 1.3462.
Was it the complete of a correction wave four or the first part of it like an A ?
We consider that as an A since 1.3598 not overcoming.
Most probable scenario for next hours is to have a touch of 1.3546/52.
Then retrace to 1.3495-1.3500 to decide the next movement.
Have a happy trading.
Press chart to enlarge- it is an houlry one.
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