General overview for 21/12/2015 07:50 CET
After very short wave 4 purple the top for the wave 5 purple has been made at the level of 1.4000. Currently, any breakout below the level of 1.3847 will be a top conformation, and further development in corrective wave 4 black is anticipated.
Support/Resistance:
1.4100 - WR1
1.4000 - Intraday Resistance
1.3888 - Weekly Pivot
1.3847 - Intraday Support
1.3776 - WS1
Trading recommendations:
Day traders should consider placing sell orders from current market levels with SL above the level of 1.4000 and TP at the level of 1.3847.
