General overview for 24/08/2015 11:30 CET
The market still cannot break out above the 138.84-138.94 resistance zone and the corrective cycle is getting more and more complex and time-consuming. Only a clear breakout below the intraday support at the level of 138.99 will confirm the top for the wave X brown is in place.
Support/Resistance:
139.65 - WR1
138.94 - Intraday Resistance
138.34 - Weekly Pivot
138.10 - Intraday Support
137.78 - WS1
137.05 - Intraday Support
Trading recommendations:
Daytraders should consider selling any breakout below the level of 138.10 with SL above the level of 138.94 and TP at the level of 137.04.
