General overview for 02/10/2015 07:00 CET
As anticipated yesterday, the market made another sub-wave down, and the current structure looks completed. The bigger abc green structure looks completed as well, but is still not confirmed and might evolve into more complex and time-consuming pattern. Please notice that any breakout below the level of 1.3010 will invalidate the bullish green count.
Support/Resistnace:
1.3208 - WS1
1.3217 - Intraday Support
1.3271 - Intraday Resistnace
1.3312 - Weekly Pivot
Trading recommendations:
The sell orders from yesterday has hit the TP and currently traders should refrain from opening any more traders.
The material has been provided by InstaForex Company - www.instaforex.com