General overview for 08/12/2015 09:10 CET
The abc simple corrective cycle had been completed just below the level of 133.30, and so far it did not reach the 100% FiboExt at the level of 133.06. The mentioned low might be an end of a wave 2 as well, but there are some indications of more complex corrective cycle to come in wave 2.
Support/Resistance:
134.60 - Intraday Resistance
133.52 - Intraday Support
133.06 - 100&FiboExp|Weekly Pivot|
131.56 - WS1
Trading recommendations:
Day traders should consider placing sell orders from current market levels with tight SL and TP at the level of 132.52.
