Market Leader informed
On Sunday in the north of Germany near Dannenberg thousands of activists gathered to halt the train carrying nuclear waste from France to Germany.
Some of them turned violent and start clashing with police. The policemen had to respond with batons and water cannon.
The situation with the EUR currency rate at Forex is not so dramatic.
During Monday’s Asian session EURUSD formed a downward H2 FZR*. Currently the price is retracing. It will either terminate the current wave or shape subwave b(C ).
The Department of studying Masterforex-V trading system supposes that if on its way down the price breaks the MF pivot at 1.3909 and the MF Sloping Channel, it will probably mean the completion of the entire wave C on D2.
An upward reversal without updating the high will indicate a correction against the bearish wave of level H3. If the level of the high at 1.4281 is overcome wave C of level D2 will be continued.
Monday’s news releases (Nov 8th – GMT):
9.30 EU – Sentix indicator
11:00 GER - Industrial Production
Support/Resistance levels:
1.4281 mid-term high, Oanda’s buy stops an sell limits
1.4238 88.2%, Oanda’s sell limits
1.4196 76.4%, Oanda’s sell limits
1.4143 61.8%
1.4100 50%
1.4082 MF pivot
1.4057 38.2%
1.4021 61.8%
1.3992 MF pivot
1.3951 the current price
1.3918 the start of subwave с(С) Н2, Oanda’s buy limits
1.3863 76.4%, 161.8%, 138.2%
1.3854 Oanda’s buy limits and sell stops
1.3809 MF pivot, Oanda’s buy limits
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