General overview for 22/09/2015 09:10 CET
As anticipated yesterday, the market made the wave b purple to the upside and reversed just at the lower channel trend line. Currently, the market is about to complete the last leg down, labeled as wave c purple. That whole wave down might be labeled as wave (b) navy. This means there is one more wave to the upside needed to complete the whole corrective cycle.
Support/Resistnace:
132.22 - Swing Low
133.49 - WS2
134.35 - WS1
135.00 - Intraday Resistance
135.91 - Weekly Pivot
Trading recommendations:
Yesterday's sell orders should be now closed as the pair is approaching trend-line support. Any breakout above the level of 135.00 should be considered bullish.
