General overview for 22/12/2016:
The market broke out of the trading range and now is trying to test 78% Fibo at the level of 1.3479. The level of 1.3433 will act as an intraday support now as a market approaches the resistance level. Please notice, the growing bearish divergence between the price and momentum oscillator.
Support/Resistance:
1.3503 - WR1
1.3479 - 78%Fibo
1.3433 - Intraday Support
1.3322 - Intraday Support
1.3292 - Weekly Pivot
1.3269 - Intraday Support
1.3167 - WS1
Trading recommendations:
The buy orders should be still kept open. TP should be set at the level of 1.3479.
