General overview for 01/12/2015 12:10 CET
An Ending Diagonal pattern looks completed now and an uptrend should resume soon. The most important level is still intraday resistance at 130.79 and only if this level is clearly violated, the upward wave progression will continue unfolding.
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 still keep buy orders open with SL below the level of 129.64 and TP at the level of 130.18 and then at 130.78.
