General overview for 08/10/2015 08:40 CET
The Elliott wave count has been adjusted to the recent market developments showing that a decline can take place after corrective wave (iv) green is completed. Any breakout above the level of 1.3217 will invalidate the green impulsive wave count and hit a low at the level of 1.2970 wave (c) bottom.
Support/Resistance:
1.3229 - Weekly Pivot
1.3217 - Green Impulsive Count Invalidation Level
1.3133 - Intraday Resistance
1.3062 - Intraday Resistance
1.3000 - WS1
1.2970 - Intraday Support
Trading recommendations:
Day traders should consider opening sell orders from the level of 1.3133 with SL above the level of 1.3217 and TP at the level of 1.2919.
