General overview for 03/12/2015 09:00 CET
The current price action suggests the wave b green is more complex and needs more time to terminate than previously was thought. A possible pattern which is unfolding now looks like a triangle. An upward spike up and then reversal is very possible after the important news release expected later today.
Support/Resistance:
1.3447 - WR1
1.3433 - Intraday Resistance
1.3362 - Weekly Pivot
1.3290 - WS1
1.3279 - Intraday Support
Trading recommendations:
Day traders should refrain from trading and wait for a better pattern to occur.
