General overview for 30/12/2015 08:00 CET
The weekly pivot at the level of 131.96 was broken, and the price hit the intraday support at the level of 131.48. Further downside wave progression is expected as the impulsive cycle hasn't been completed yet. The projected target for wave c purple is at the level of 130.68.
Support/Resistance:
129.87 - WS3
130.68 - WS2
131.02 - Technical Support
131.14 - WS1
131.48 - Intraday Support
131.96 - Weekly Pivot
132.44 - WR1
132.77 - Intraday Resistance
133.26 - WR2
133.74 - WR3
Trading recommendations:
Sell orders from yesterday has been closed on profit.
Day traders should consider placing sell orders at the current market levels with SL above 131.96 and TP at the level of 130.68 and below.
