General overview for 25/05/2016:
Another marginal higher high had been made, but it looks like the wave iv is still unfolding. The corrective cycle in this wave might get more complex and time-consuming, but we still expect one more wave up to unfold after the correction is completed. The projected target of 1.3218 is still valid as well.
Support/Resistance:
1.3276 - WR1
1.3218 - Projected target for wave v
1.3186 - Intraday Resistance
1.3084 - Intraday Support
1.3056 - Weekly Pivot
1.3014 - Technical Support
1.2951 - WS1
1.2771 - Technical Support
Trading recommendations:
All buy orders from last week should be still kept open as the target hasn't been hit yet. The projected TP is still at the level of 1.3218.
