General overview for 11/09/2014 :15:15 CET
The current Elliott wave count has been little modified as the top for wave -iii- blue has been moved higher to emphasis the corrective cycle in wave 0iv-, which is more complex than wave -ii- blue. Currently, the upward wave progression is not completed and one more wave to the upside is needed to finish red wave 3. After that completion, the corrective cycle in red wave 4 red will begin.
Support/Resistance:
1.1064 - WR3
1.1052 - Technical Resistance
1.1003 - Intraday Resistance
1.1002 - WR2
1.0971 - Intraday Support
Trading recommendations:
Buying the dips in this pair is the way to trade the whole week and today is no different. TP is at the level of 1.1060.
