General overview for 24/06/2014 09:20 CET
Despite yesterday's breakout below the intraday support level, the downside wave progression has not been continued and the pair rebounded and it is slowly climbing higher. The most important level for intraday bears is the intraday resistance at the level of 138.88. Any breakout higher is bullish and the levels of 139.36 and 139.71 are the first targets for bulls. However please notice, that the corrective wave (b) blue might get more complex and time consuming.
Support/Resistance:
140.07 - Swing High
139.71 - WR2
139.36 - WR1
138.88 - Intraday Resistance
138.51 - Weekly Pivot
138.27 - Intraday Support
138.18 - WS1
137.70 - Swing Low
Trading recommendations:
Sell stop positions opened yesterday have the SL above the level of 138.88 and any breakout higher should be considered bullish and buy positions should be open with TP at the level of 139.36 and 139.71.
