General overview for 22/09/2016:
As anticipated yesterday, the market reversed to the downside and has hit the intraday support at the level of 1.3030. Nevertheless, it does not look like the downward wave progression is now completed as there are still sub-waves missing. The intraday bias is still to the downside.
Support/Resistance:
1.3252 - Intraday Resistance
1.3178 - Weekly Pivot
1.3124 - Intraday Support
1.3106 - WS1
1.3030 - Technical Support
1.2962 - WS2
Trading recommendations:
Day traders should close the sell orders with profit at the level of 1.3030. Currently, day traders should refrain from trading and wait for another trading setup to occur shortly.
