French strikes are getting exhausted

Market Leader informed

As the French parliament has already adopted the pension reform bill, the nationwide strikes become symbolic.
The strikes are still hitting numerous companies and public institutions, but the amount of the strikers has been considerably reduced. It is likely that over the last few days the campaign has become exhausted. Moreover, there has been a competent survey held in France, indicating that 59% of Frenchmen do not support the strikers.
Meanwhile, EURUSD has grown over 200 pts from the low.
Experts from the Department of studying Masterforex-V trading system report that the given upward movement has stopped close to the MF pivot at the 61.8% retracement level of the H4 wave (1.4079-1.3733), which testifies to the probable formation of wave b(C ) of level H4 on breaking through the low. According to the alternative scenario (implying a retracement for wave B and a breakout of the low), the price will terminate the entire H8 wave started at 1.4165.

News releases expected for today (GMT):
06:00 GER - Retail Sales
09:00 EU - CPI, Unemployment rate
12:30 USA - Prelim GDP, GDP Price Index, Employment Cost Index
13:45 USA - Chicago PMI
13:55 USA - Michigan sentiment index

Levels of Support and Resistance:

1.4034 - 138.2% + sell limits
1.4002 - 123.6% + MF SC* + sell limits
1.3977 - 111.8% + 61.8% + MF pivot + sell limits
1.3951 – FZR* + sell limits
1.3902 – the current price
1.3842 - 50% + buy limits
1.3816 - 61.8% + пивот МФ + buy limits
1.3733 - FZR
1.3692 - 111.8% + buy limits

Text: Sergey Panchuk, an expert of the Department of studying Masterforex-V trading system
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MF SC = Sloping Channel by Masterforex-V
FZR = Fractal-Zigzag Reversal

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