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FX: EURUSD Wave Theory After False Breakout

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eur-usd-wave-theory-false-breakout-chart-05.02.2013

After a false breakout over the Fibonacci cluster zone, the price fell like a rock to the target level where it met the trend line.

A rejection might just be a false rally back to 1.3670-90 zone and after that the price might fall to 1.34 to finalize the ABC correction from the Wave Theory.

We can have here other types of correction also so we must be more attentive at the price action.

FX: EURUSD Wave Theory After False Breakout by
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