General overview for 11/08/2014 09:00 CET
The upward corrective cycle continues in this pair with the first leg to the upside completed. Currently, the second leg of correction is in progress and only a breakout below the level of 135.71 would invalidate the view and put the top for red wave 2 at the level of 136.99. On the other hand, any breakout above the level of 137.11 invalidates the main count and makes the corrective cycle to retrace more to the upside.
Support/Resistance:
138.01 - Red Count Invalidation Line | WR1 |
137.33 - Technical Resistance
137.11 - Main Count Invalidation Line
136.99 - Intraday Resistance
136.59 - Intraday Support
135.83 - WS1
135.71 - Wave (i) Green Low
Trading recommendations:
Please, refrain from trading this pair until the corrective cycle is completed.
