Reforms ruin Europe

Market Leader informed

Yesterday France counted the losses from the strikes. The figure came out to be rather considerable. Each day of strike costs 200-400M euro. The chemical industry has already lost 1B euro and continues losing 100M every day.
Having failed to decide on the forthcoming trend EURUSD is currently consolidating within the flat of the senior timeframe with clear reference points.
The bullish scenario will probably imply an H8 wave. There is wave A (1.3684-1.4074). Wave B is in the process of formation.
The downward scenario will need a reference point – wave A of level H1, which is still incomplete.

Today’s news:
06:00 GER - GfK Consumer Confidence Survey
13:00 USA - S&P/Case-Shiller US Home Price Index
14:00 USA - Consumer Confidence
14:00 USA - House Price Index
14:00 USA - Richmond Fed Manufact. Index
S/R levels*:
1.4225 - 138.2%
1.4169 - 123.6%
1.4124 - 111.8%+sell limits
1.4079 - Н8 FZR* + sell limits
1.4078 – MF pivot
1.3957 – the current price
1.3910 - MF pivot
1.3906 - Н1 FZR
1.3887/85 - 50%+111.8%+buy limits
1.3865 - 123.6%+ MF pivot + buy limits
1.3842/40 - 61.8% + 138.2+ buy limits

Text: Sergey Letovaltsev, an expert of the Department of studying Masterforex-V trading system

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S/R levels = Support and resistance levels
H8 FZR = Fractal-Zigzag Reversal of H8 level

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