General overview for 02/11/2015: 13:00 CET
Another wave down was made to complete the corrective structure to the downside, but please notice there is still a possibility of a marginally lower low. In that case, the overall cycle would be labeled as abc irregular correction wave 2, so further upside wave development would be anticipated.
Support/Resistnace:
1.3276 - Swing High
1.3123 - Intraday Resistnace
1.3115 - Weekly Pivot
1.3053 - Intraday Support
1.2954 - WS1
Trading recommendations:
Day traders should consider buying on the dips in this market with tight SL and TP open for now.
