General overview for 02/11/2015: 13:10 CET
The consolidation in the wave b purple is now taking place as the demand break-through zone has not been violated. This situation might last up to the Friday US dataon non-farm payrolls, so any waves evolving into more complex corrections should not be surprising.
Support/Resistnace:
131.58 - Intraday Support
131.75 - WS1
132.82 - Weekly Pivot
133.73 - Intraday Resistance
133.70 - 133.92 - Demand Breakthrough Zone
Trading recommendations:
Day traders should refrain from trading until a more clear trading setup occurs.
