General overview for 26/09/2016:
The first wave upward from the low at the level of 112.06 may be labeled as impulsive, so now the market is in internal corrective sub-cycle. The key level for bulls is the intraday support at 112.60. The correction should be completed before the price reaches this level.
Support/Resistance:
112.06 - Intraday Support
112.24 - WS1
112.60 - Intraday Support
113.30 - Weekly Pivot
113.61 - Intraday Resistance
114.54 - WR1
115.63 - WR2
Trading recommendations:
Day traders should consider opening buy orders from the current price levels with SL just below the level of 112.60. TP should be left open for now.
