General overview for 31/03/2015 15:50 CET
The current Elliott wave count is the last chance for bulls to push the market higher in order to complete the wave (c) blue, otherwise the alternative count will be in play. Please notice that the bullish divergence is supporting the upward scenario.
Support/Resistance:
127.55 - WS2
128.49 - WS1
128.65 - Intraday Support
129.14 - Intraday Resistance
130.00 - Weekly Pivot
Trading recommendations:
Daytraders should refrain from trading and wait for more clear pattern to emerge sooner or later.
The material has been provided by InstaForex Company - www.instaforex.com
