General overview for 13/11/2015 09:00 CET
Another fake breakout from the triangle pattern made the current structure even more complex and time-consuming. The key level is the weekly pivot support at the level of 131.46 and only if this level is violated, the market will accelerate to the downside towards the next support at the level of 130.62.
Support/Resistnace:
130.62 - WS2
131.46 - WS1
132.12 - Intraday Support
132.34 - Weekly Pivot
132.75 - Intraday Resistnace
Trading recommendations:
All sell orders should be closed as they hit the TP level yesterday, so now traders should wait for another trading setup to occur.
The material has been provided by InstaForex Company - www.instaforex.com