General overview for 24/07/2015 09:30 CET
The leading diagonal count had been slightly changed with the last wave -v- blue top moved to the level of 136.43 ( intraday resistance). Currently, the market is in a corrective cycle and first support is seen at the level of 135.34, right at the lower blue trendline. Only a sustained breakout below the intraday support at the level of 134.86 would invalidate the bullish scenario.
Support/Resistance:
134.86 - Intraday Support (strong)
135.04 - Weekly Pivot
135.34 - WR1
135.85 - Intraday Support (weak)
136.17 - WR2
136.43 - Intraday Resistance
Trading recommendations:
Daytraders should consider opening buy orders from the levels closest to the intraday support with SL just below the level of 134.80 and TP at the level of 136.43.
