As it was informed by "Market Leader (US)"
EURUSD: is the “Euro marathon” over?
Yesterday the Greeks were celebrating the 2500th anniversary of the Battle of Marathon.The Battle of Marathon took place in 490 BC during the first Persian invasion of Greece. It was fought between the citizens of Athens, aided by Plataea, and a Persian force commanded by Datis and Artaphernes (taken from Wikipedia). The Greeks managed to gain a victory over the Persians. A messenger was sent to Athens. He ran 42km 195m, announced the news and fell dead. In his memory an marathon race is held every year, the participants of which follow the route of the famous messenger warrior.
In the meantime, by the beginning of this trading week EURUSD has formed an upward H3 FZR*.
The Department of studying Masterforex-V trading system supposes that on getting close to 1.4080 there will be a retracement against the downward H4 wave. If the level is overcome the price will form an H8 FZR.
For the downward scenario the key levels are: an H4 FZR (1.3734) – the start of subwave c (C ) of level H8 with further getting over the current mid-term low at 1.3697 will prompt the continuation of the retracement against the wave C of level D2.