General overview for 04/11/2015 08:00 CET
The current wave development is very slow as it is typical for wave b progression. Nevertheless, the building bullish divergence between the price and momentum oscillator suggest that a rebound to the upside is unavoidable sooner or later. Please notice the wave b purple might go as low as the intraday support at the level of 131.58 before reversal.
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.
