General overview for 08/10/2015 08:10 CET
The market keeps trading inside the neutral zone with no signs of an impulsive rebound to the upside. The market is still trading above the weekly pivot point, but it is not strong enough to breakout above the resistance levels of 135.97 - 126.12. Moreover, it has just tested the golden trend line from the downside and got rejected suggesting more room for a drop.
Support/Resistnace:
135.97 - 136.12 - Technical Resistnace
135.71 - Intraday Resistnace
135.43 - WR1
134.41 - Weekly Pivot
134.36 - Intraday Support
Trading recommendations:
Daytraders should refrain from trading until more clear pattern occurs.
