According to the analysts of
Masterforex-V Academy, the price move represented by wave a (C ) of level H6-H8 (the borders are
1,3398
- 1,3621) seems to be completed. The supposition is confirmed by a
fractal-zigzag reversal (FZR) of level H1. The FZR took place at 1,3580
followed by a break of pivot 1 inside the last sub-wave at 1,3559.
Consequently,
the mid-term trend has been reversed and the road to the bottom of the
external sloping channel (1,3294/1,3398) is open.
If the price beaks and consolidates
below 1,3490, the bigger-scale uptrend will be terminated. The actual
retracement Fibo grid for a(C ) H8 is built on top of 1,3398 - 1,3621.
The downward targets are:
1,3536=38%;
1,3510=50%;
1,3490=pivot 2;
1,3483=62%+sloping channel.
The
alternative scenario implies the end of the downswing through forming a
bigger-scale upswing with breaking above 1,3621/1,3615 and an upward
FZR.
If this is the case, the Fibo grid built on top of wave A/B D1 1,3831-1,3294 will become actual:
The upward targets in this case will be:
1,3626=62%;
1,3704=76%;
1,3768=88%;
1,3831=hidden FZR.
The level of French GDP for the second quarter of this current year stayed unaltered against the first quarter of this current year, when any progress was not watched. These preparatory factual information distributed by the National Measurable Office of France Insee. 
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