As shown in the 2 charts , the Eur worked perfectly as i expected and it topped out inside the resistance zone i pointed to in the last chart and reversed down , it also formed that divergence in the momentum indicator ( as expected and refereed to in the bottom of the char ) and pretty much every indicator u might possibly look at , with a five wave down can be seen on the hourly and 30 minutes chart , i m expecting a bounce off these levels we r at now into wave 2 correction up which will give a good trade setup for us to take .
the resistance zone that i ll be looking to establish a short position at will be between 1.2810-50 with the top as a SL for that short as shown in the chart .
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