General overview for 10/03/2014 13:20 CET
There is the anticipated impulsive wave progression to the upside in case the last swing down was a wave 4 purple correction has finally emerged and first three waves of that impulsive price progression has been done already. Currently, the price is in a corrective cycle wave (iv) green; and when the correction is finished, the upside trend will resume for one more push higher above the 145.68 top.
Support/Resistance:
145.49 - WR1
143.78 - Wave (iii) green high
143.59 - Intraday resistance
142.85 - Intraday support
142.31 - Weekly pivot
140.86 - WS1
Trading recommendations:
Buy stop orders should be opened from the level of 143.85, with SL below the level of 143.59 and TP at the level of 145.49 with a possible upside extension.
