General overview for 19/11/2015 09:50 CET
In a larger time frame, the market is still trading inside a big horizontal corrective cycle range between the levels of 130.63 and 141.00. There is still unfinished wave Z of the complex corrective cycle in wave B blue. The projected target level for this wave is seen around the psychological level of 130.00.
Support/Resistance:
130.44 - WS1
131.48 - Intraday Support
131.81 - Weekly Pivot
132.20 - Intraday Resistance
132.36 - WR1
Trading recommendations:
Day traders should close the buy orders from yesterday ( if they hadn't close them already) and wait for better trading setup to occur.
