General overview for 25/04/2014 08:50 CET
The supply breakthrough zone still provides the buying opportunities and as long as it is not broken, the upside wave development is being expected up to the 61%Fibo at the level of 142.16. The first clue comes with golden descending trendline breakout and intraday resistance breakout as well. .
Support/Resistance:
142.21 - WR1
142.16 - 61%Fibo
141.97 - Technical Resistance
141.78 - Intraday Resistance
141.34 - Intraday Support
141.23 - Weekly Pivot
140.97 - 141.06 - Supply Breakthrough Zone
Trading recommendations:
As I had advised yesterday, the daytraders should still be opening buy orders as long as weekly pivot at the level of 141.22 provides the support. All stops for already open long positions should be placed below the level of 141.00. Another buy stop orders might be open if the level of 141.80 is broken, with SL below the level of 141.33 and TP at the level of 142.16.
