EUR/USD H4

General Overview for 14/04/2014:

There is still a chance for a impulsive bearish wave progression to the downside as long as the level of GAP provides the resistance. The key level to confirm the downside is at the level of 1.3789 where the 50%Fibo is. On the other hand any breakout higher above the GAP zone means the recent swing high might be tested.
Please notice that the correction in wave 2 blue might get more complex.

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