Shooting star at 38.2% - 50% Fibo Retracement signals strong sell in 1D chart.
With recent negative fundamentals within the Eurozone, lower interest rate possible LTRO in the near future.
I think its worth to try. What do you think?
In impulse wave, wave 4 low cannot cross wave 1 high. As long as price stays higher than 1.34146 there is a possible scenario of wave 5 continuation. Resistance will be at 1.38 - 1.39 level. Especially 1.39 level meets with down trendline from June 2008. Stochastic is also in oversold ...