General overview for 22/12/2015 09:10 CET
The market did not confirm the top at the level of 1.4000 yet and any breakout below the level of 1.3847 will be a top conformation. Further development in corrective wave 4 black is anticipated with a potential target at the level of 1.3677.
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.
