Intraday trading recommendations:
- According to the previous events, the price has still been trapped between 1.3622 and 1.3580. Below 1.3680, look for further downside with 1.3622 (the weekly resistance 1) and 1.3515 targets. Stop loss should be placed at 1.3713. The level of 1.3511will indicate a strong support, moreover, this price will form a double bottom at 1.3511 (it should be noted that this level formed the weekly pivot point for November 25 - 29, 2013). Therefore, it will wise to buy at 1.3525 with a first target at 1.3620, then continue towards 1.3666. And the stop loss should be placed below 1.35 at the level of 1.3485.
- Please check out the market volatility before investing, because the price may have already been reached and scenarios might have become invalidated.
