General overview for 20/11/2015 13:40 CET
Another false breakout to the upside had been made yesterday and the market still trades inside the bearish zone. First bullish breakout confirmation comes with the breakout of the intraday resistance at the level of 132.22 with the target at the level of 132.80. On the other hand, the bearish breakout confirmation comes with the violation of 131.11 with the target at 130.69.
Support/Resistance:
130.44 - WS1
131.11 - Intraday Support
131.81 - Weekly Pivot
132.22 - Intraday Resistance
132.36 - WR1
Trading recommendations:
Day traders should place buy orders at the current levels with SL below the level of 131.11 and TP, which is open now.
