EURUSD
PRICE SUPPORTED BY UPTREND PITCHFORK'S EXTERNAL 50% FIB LINE ON 4TH APRIL
CONFIRMED OF SUPPORT WITH BULLISH CANDLE
MACD DISPLAYS BULLISH DIVERGENCE
CURRENT PRICE: ~1.3744
PRICE TARGET: 1.37738 (61.8% FIB RETRACEMENT)
DOWNSIDE
RENKO CHART HAS NOT TURN UP BY AT LEAST 2 BLOCKS YET.
FOR A MORE CAUTIOUS MOVE, BEST TO WAIT FOR RENKO CONFIRMATION
UPDATE 10.04.2014
PRICE AT THE CONFLUENCE OF .764 FIB RETRACEMENT AND LOWER MEDIAN LINE OF PITCHFORK
RENKO CHART HAS RESUMED UP TREND
PRICE MAY TRAVEL ALONG THE LOWER MEDIAN LINE TO REACH 1.3960 AREA WITH SMALL PULLBACKS
CURRENT PRICE 1.38531
TARGET PRICE ~1.3950
CONFIRMED OF SUPPORT WITH BULLISH CANDLE
MACD DISPLAYS BULLISH DIVERGENCE
CURRENT PRICE: ~1.3744
PRICE TARGET: 1.37738 (61.8% FIB RETRACEMENT)
DOWNSIDE
RENKO CHART HAS NOT TURN UP BY AT LEAST 2 BLOCKS YET.
FOR A MORE CAUTIOUS MOVE, BEST TO WAIT FOR RENKO CONFIRMATION
UPDATE 10.04.2014
PRICE AT THE CONFLUENCE OF .764 FIB RETRACEMENT AND LOWER MEDIAN LINE OF PITCHFORK
RENKO CHART HAS RESUMED UP TREND
PRICE MAY TRAVEL ALONG THE LOWER MEDIAN LINE TO REACH 1.3960 AREA WITH SMALL PULLBACKS
CURRENT PRICE 1.38531
TARGET PRICE ~1.3950
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