General overview for 13/04/2016:
The current Elliott wave count has been changed slightly and instead of the abc irregular correction the pattern evolved into more complex double zig-zag. The current corrective sub-wave (b) target is projected at the level of 1.2856. Then a downtrend should continue for at least one more wave. Please remember, that this structure might evolve even further into a triple zig-zag pattern as well.
Support/Resistance:
1.2747 - Intraday Support
1.2772 - WS2
1.2856 - WS1
1.2884 - Intraday Resistance
1.3036 - Weekly Pivot
1.3126 - WR1
1.3218 - Local High
1.3295 - Swing High
1.3303 - WR2
Trading recommendations:
Day traders should sell the market at the current prices with SL above the level of 1.2884 and TP at the level of 1.2700 (minimum.
