General overview for 09/11/2015 10:10 CET
Wave X brown had been completed in shape of a triangle pattern. Now, the market continues to move higher to complete the wave Y brown cycle. Please notice that the key level for this wave progression is a weekly pivot at the level of 1.3239, and the invalidation line for an alternative impulsive count is seen at the level of 1.3190.
Support/Resistance:
1.3316 - Intraday Resistance
1.3239 - Weekly Pivot
1.3190 - Intraday Support
1.3162 - WS1
Trading recommendations:
Day traders should consider placing buy orders at current price levels with SL below the level of 1.3239 and TP at the level of 1.3316.
