General overview for 31/12/2015 09:10 CET
A triangle pattern might continue in a tight range as the market is consolidating around the weekly pivot at the level of 1.3870. To confirm one of the counts, traders must wait for a breakout at the level of 1.4000or for a further downside move to the level of 1.3621.
Support/Resistance:
1.4041 - WR2
1.4000 - Intraday Resistance
1.3927 - WR1
1.3870 - Weekly Pivot
1.3815 - Intraday Support
1.3748 - WS1
1.3693 - WS2
Trading recommendations:
Day traders should continue buying on dips in this market with SL below the level of 1.3815 and TP at the level of 1.4000.
