General overview for 28/12/2015 08:20 CET
AAs anticipated last week, wave 4 black is now developing in a corrective mode in the market. The first three waves look completed, but there is still a chance the whole structure will evolve into more complex and time-consuming pattern like triangle or complex corrective structure.
Support/Resistance:
1.4041 - WR2
1.4000 - Intraday Resistance
1.3927 - WR1
1.3870 - Weekly Pivot
1.3815 - Intraday Support
1.3748 - WS1
1.3693 - WS2
Trading recommendations:
Day traders should consider placing buy orders from current market levels with SL below the level of 1.3815 and TP at the level of 1.3870.
