General overview for 02/12/2015 12:10 CET
The intraday resistance at the level of 130.78 has been violated, but the hourly candle did not close above the level and the market is still trading inside the bearish zone. Nevertheless, the ending diagonal pattern looks completed, but the market is not strong enough yet to break out higher above the bearish zone.
Support/Resistance:
129.33 - WS1
129.64 - Intraday Support
130.18 - Weekly Pivot
130.20 - Intraday Support
130.71 - WR1
130.78 - Intraday Resistance
131.57 - WR2
132.06 - WR3
Trading recommendations:
The buy orders have been closed after recommended TP at the level of 130.78 was hit yesterday. Currently, the daytraders should refrain from trading and wait for a better trading setup to occur.
