General overview for 10/03/2015 09:00 CET
The current price action is not very violate and the intraday resistance at the level of 131.84 is the key level to more gains. The market trades inside the bearish zone and only a breakout higher would allow wave c purple to unfold. On the other hand, any breakout below the intraday support at the level of 130.69 will be considered as very bearish and next immediate support is at the level of 130.53.
Support/Resistance:
130.53 - WS3
130.69 - Intraday Support
131.81 - Intraday Resistance
131.96 - WS2
132.77 - WS1
134.32 - Weekly Pivot
Trading recommendations:
Not much of any impulsive progression to the upside unfolded, but still daytraders should observe the market and wait for a clear price behavior.
