General overview for 09/10/2015 09:30 CET
The current downward wave development is about to terminate as the whole move downward looks completed. The suggested wave alternative count where wave (iv) green should travel a little higher in order to complete the corrective cycle, which was invalidated. Now only the main count is valid. One small sub-wave is needed to complete wave (v) green of wave (c) blue and the projected target is around the level of 1.2919.
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:
Swing traders should consider opening buy orders from the current levels with SL below the level of 1.2900 and TP open for now.
