General overview for 30/11/2015 07:40 CET
An Ending Diagonal pattern is almost completed and an uptrend should resume as soon as the wave (c) blue is terminated. Any breakout above the intraday resistance at the level of 130.78 is first indication of a medium-term bullish reversal in progress.
Support/Resistance:
129.33 - WS1
129.64 - Intraday Support
130.18 - Weekly Pivot
130.47 - Intraday Resistance
130.71 - WR1
130.78 - Intraday Resistance
131.57 - WR2
132.06 - WR3
Trading recommendations:
Day traders should consider placing buy orders from current market levels with SL below the level of 129.64 and TP at the level of 130.18 and then at 130.78.
