General overview for 15/03/2016:
The projected target for the wave B at the 1.3383 level has been hit as expected. When the corrective cycle in the blue wave B is completed, a trend should continue lower towards the 1.3106 level. The first sign of a down trend continuation comes with an intraday channel break-out and another test of the weekly pivot at 1.3275.
Support/Resistance:
1.3106 - WS1
1.3163 - Intraday Support
1.3275 - Weekly Pivot
1.3383 - WR1
1.3446 - Intraday Resistance
1.3554 - WR2
1.3662 - WR3
Trading recommendations:
Day traders should sell into the strength of the blue wave B with SL above 1.3446 and TP at 1.3106.
