General overview for 30/10/2015 07:20 CET
The intraday resistance at the level of 1.3223 has hold further market rally and it looks like the lower levels of a range will be tested soon. There is still a possibility of another higher high in the wave 5 purple, but the recent developments in lower time frames do not support this view. The current labeling will be invalidated if the level of 1.3276 is violated.
1.3316 – WR1
1.3276 – Local High
1.3223 – Intraday Resistance
1.3109 – Weekly Pivot
1.3089 – Intraday Support
All buy orders should now be closed and day traders should refrain from trading until the next trading setup occurs.
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