hello,
on my last post which I recommended buying short. [link below]
after my analysis, market generated an additional wave that reached a new high in the currently correction. This wave had form three movements A-B-C (red rectangle on the chart). Which means the weakness of the Euro and probably
currently
shaped wedge bullish, which is its end should be at the level of 3475.
Risk to this scenario is, of course, the war in Syria. Americans gave to the public that they have plenty of evidence to the fact that the Syrian regime used chemical weapons. Among other things, they have to be a satellite image. This evidence is to be a response to the Russian argument that we do not know which side used a weapon. The U.S. has not only the support of the UK. Definitely for action declared by France. And in Israel, there was a concern that Assad could use chemical weapons against the citizens of this country, although it is possible that the regime decides to take such a step was in response to an attack. For Israel, the answer is clear, however desirable - the Syrian regime is supported by Tehran, so it would be a warning sign for the new Iranian president. Finally, the overwhelming response flowed from the Arab League. The representatives agreed that chemical weapons was obviously used and the countries of the West should answer that.
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| EUR/USD H4, 28-08-2013 |
regards,
oscarjp
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