General overview for 14/04/2015 09:20 CET
Just a small adjustment, as there is now, detailed the count of the wave (iii) green. Moreover, the whole structure looks like an almost completed impulsive cycle trading inside the channel that might make another upside breakout soon. The bullish divergence between the price and momentum oscillator supports the bullish view, but please notice that any breakout below a new low would make the level of 125.40 to turn the next support level for the market.
Support/Resistance:
125.40 - WS1
126.11 - Intraday Support
126.54 - Intraday Resistance
127.70 - 127.80 - Supply Zone
Trading recommendations:
Yesterday's buy orders could be closed with only a marginal profit, but please notice buying is likely to open uo as soon as the impulsive cycle is done.
The material has been provided by InstaForex Company - www.instaforex.com
