Tuesday, 7 January 2014

EURUSD 07 Jan 2014



With Mixed Data out in the Eur today with
Germany Retails  Sale (yoy) 1.5%
Consumer confidence @ 85 from 84 in France measuring the moods of the consumers, through an analysis of a sample of houses. Consumers rate business conditions, labour market conditions and prospects for job and income growth.
Moreover Germany unemployment change @ 15K  measuring  of the change in the number of unemployed people in Germany

Price action indicates a minor support  1.3570 a rally yesterday  to 1.36552 =  B and a Pull back to 1.3609 =C
if Prices can breach 1.3631 and push for a break out of B @ 1.3652 and Possible Completion of the ABCD Pattern will be on the cards and a extension in D @ 1.3746 161.8 fib expansion from ABC=D
Else 
A break of 1.36609 may see the Lows tested and breached 1.3570


Elliot Count





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