General overview for 14/09/2016:
Another upward impulsive rally has been made with the temporary top just above the intraday resistance at the level of 115.94. This impulsive wave progression might be a part of a wave (iii) or, as indicated by the alternative count, it might be wave c of the still developing wave (b). No key level has been clearly violated, so both of the scenarios are equally valid right now. The key level to the upside is at a local swing high at the level of 116. 36 and the key level to the downside is at the level of 113.81.
Support/Resistance:
112.82 - WS1
115.15 - Weekly Pivot
115.47 - Intraday Support
115.94 - Intraday Resistance
116.36 - Local High
116.52 - WR1
Trading recommendations:
Day traders should consider moving the SL in all the buy orders up to the level of 115.45 and still keep the TP open.
