General overview for 22/04/2015 09:00 CET
The supply zone between the levels of 128.57 - 128.77 is being tested for the fourth time (orange circles) as the impulsive wave progression in wave a purple is done. Currently, the market might pull back a little to make the wave b purple and then try to rally to the upside in the last wave c purple of the wave (c) blue. Please notice that any breakout higher above the level of 1288.78 is bullish for the short term and the next projected target is at the level of 129.94.
Support/Resistance:
129.94 - WR1
128.57 - 128.77 - Supply Zone
128.20 - Intraday Support
128.01 - Weekly Pivot
127.27 - WS1
Trading recommendations:
Daytraders should consider opening buy orders only if the level of 122.78 is clearly violated, with SL below the level of 122.57 and TP at the level of 129.94.
