General overview for 25/09/2015 10:00 CET
One more scenario has been added to the current wave development. According to this alternative count, the whole decline from the level of 137.43 is an uncompleted five wave structure. The recent choppy and overlapping up move has been labeled as wave alt. iv, and now another leg down is expected to complete the cycle.
134.98 – Technical Resistance
134.35 – WS1
133.74 – Intraday Support
133.46 – WS2
Daytraders should consider opening sell orders at current levels with SL above the level of 134.97 and TP at the level of 133.75.
The material has been provided by InstaForex Company – www.instaforex.com