General overview for 10/09/2014 10:45 CET
The last chance for the bearish impulsive count is in a double WXY zig-zag count presented on the chart. However, please notice that the level of recent swing high is now a key level, intraday resistance and invalidation level. So, any violation of this level cancels the impulsive count and indicates a possibility of a test of the level of 139.06.
Support/Resistance:
139.06 - WR2
138.25 - Swing High|Key Level|Invalidation Level|Intraday Resistance|
137.50 - Intraday Support
137.42 - WR1 Trading recommendations:
Short orders from yesterday should be closed and traders should wait what market will do with the key level. Any violation is bullish.
The material has been provided by InstaForex Company - www.instaforex.com