General overview for 14/12/2015 08:50 CET
A corrective cycle might be evolving into more complex WXY pattern if the level of 133.33 is not clearly violated. However, if this level is broken, the abcde green triangle pattern in wave (b) is completed and impulsive wave to the upside is in progress.
Support/Resistance:
134.74 - WR2
134.57 - Swing High
133.62 - WR1
133.33 - Intraday Resistance
133.11 - Weekly Pivot
132.48 - Intraday Support
132.12 - 50%Fibo
Trading recommendations:
Day traders should consider placing sell orders only from the level of 133.33 with tight SL and TP at the level of 132.47 and 132.12.
