General overview for 18/11/2015 11:05 CET
The market still trades inside the bearish zone, but any new dip is being bought back up. The current wave development is very choppy and full of false breakouts. Nevertheless, first bullish breakout confirmation comes with the breakout of the intraday resistance at the level of 132.19 with the target at the level of 132.80. On the other hand, the bearish breakout confirmation comes with the violation of the 131.11 level with the target at the level of 130.69.
Support/Resistance:
130.44 - WS1
131.48 - Intraday Support
131.81 - Weekly Pivot
132.20 - Intraday Resistance
132.36 - WR1
Trading recommendations:
Day traders should place buy orders at the current levels with SL below the level of 131.11 and TP, which is open now.
