General overview for 28/09/2015 09:50 CET
An alternative count has been invalidated due to wave alt.i and wave alt.iv overlaps. This means the wave (b) reached a low at the level of 133.13 and now one last wave to the upside is missing to complete the overall corrective cycle. Currently, the up move is not clearly impulsive, but any breakout above the golden trend line and above intraday resistance at the level of 135.36 would slightly change the picture to more bullish.
131.80 – WS2
132.22 – Technical Support
133.13 – Wave (b) Bottom
133.40 – WS1
134.11 – Intraday Support
134.77 – Weekly Pivot
135.36 – Intraday Resistnace
136.36 – WR1
Daytraders should refrain from trading and wait for more clear pattern to occur.
The material has been provided by InstaForex Company – www.instaforex.com