General overview for 03/11/2015: 08:30 CET
The market keeps trading in a tight congestion zone just around the weekly pivot at the level of 132.81. This situation might last up to the Friday US data on 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 clearer trading setup occurs.
