General overview for 16/10/2016 08:45 CET
The price bounced from 61%Fibo, and now it is going higher in corrective wave b green to test the intraday resistance at the level of 135.99. There is still one wave down missing, wave c green, to complete the overall wave E black as a completed cycle. Only a clear, impulsive breakout above the level of 136.95 would invalidate the view.
Support/Resistance:
136.11 - Weekly Pivot
135.99 - Intraday Resistnace
135.28 - WS1
134.79 - Intraday Support
134.77 - 61% Fibo
Trading recommendations:
Day traders should consider opening sell orders from the level of 135.99 with SL above the level of 136.20 and TP at the level of 135.21.
