التحليل الفني - منقول

[Raafat]

EUR/USD sharp fall in early US session suggests that an intraday top is in place at 1.3385. Outlook is turned rather mixed again on lack of follow through buying as well as the three wave structure of the rise from 1.2884 so far. Nevertheless, short term outlook will be neutral at worst as long as 1.2963 support holds and another rise is mildly in favor. Above 1.3385 will target 1.3737 resistance first and break there will confirm that whole rally from 1.2456 has resumed. On the downside, though, below 1.2963 will dampen the bullish case again and indicate that fall from 1.3737 is still in progress. In the bigger picture, as discussed before, the corrective look of the fall from 1.3737 to 1.2884 argues that rise from 1.2456 is still in progress. Break of 1.3737 will confirm this case and bring rally resumption for 100% projection of 1.2456 to 1.3737 from 1.2884 at 1.4165 or above. But strong resistance should be seen as EUR/USD approaches 1.4719 resistance again. On the downside, below 1.2884 will revive the bearish case and bring decline to retest 1.2329/2456 support zone. After all, whether completed or not, rise from 1.2456 is treated as part of medium term sideway consolidation pattern that started at 1.2329. Down trend from 1.6039 (08 high) is still expected to continue as long as 1.4867 resistance holds