General overview for 31/12/2015 09:00 CET
The market is consolidating in a narrow range around the intraday support at the level of 131.34. Further downside wave progression is expected as an impulsive cycle has not been completed yet. A projected target for wave c purple is at the level of 130.68.
Support/Resistance:
129.87 - WS3
130.68 - WS2
131.02 - Technical Support
131.14 - WS1
131.34 - Intraday Support
131.96 - Weekly Pivot
132.44 - WR1
132.77 - Intraday Resistance
133.26 - WR2
133.74 - WR3
Trading recommendations:
Day traders should keep sell orders open with SL above 131.96 and TP at the level of 130.68 and below.
