General overview for 14/04/2016:
The wave (b) blue of the internal corrective cycle might be about to complete as the first projected target level has been hit. The current corrective sub-wave (b) target is the yellow rectangle area. When the top for wave (b) is in place, then a downtrend should continue for at least one more wave. Please remember that this structure might evolve even further into a triple zig-zag pattern as well.
Support/Resistance:
1.2747 - Intraday Support
1.2772 - WS2
1.2856 - WS1
1.2884 - Intraday Resistance
1.3036 - Weekly Pivot
1.3126 - WR1
1.3218 - Local High
1.3295 - Swing High
1.3303 - WR2
Trading recommendations:
Day traders should sell the market at the current prices with SL above the level of 1.2884 and TP at the level of 1.2700 (minimum).
