General overview for 28/10/2015 08:10 CET
An impulsive wave progression to the downside is currently looking exhausted as wave c green is completed. The growing bullish divergence between the price and the momentum oscillator supports the view that the re-bound to the upside is taking place. Any breakout above the level of 133.20 opens the road to the weekly pivot test at the level of 134.31.
132.28 – WS1
132.71 – Intraday Support
133.20 – Intraday Resistance
134.31 – Weekly Pivot
Day traders should consider to open buy orders only if the level of 133.20 is violated. SL should be placed below the level of 132.70 and TP should be set at the level of 134.31.
The material has been provided by InstaForex Company – www.instaforex.com