General overview for 15/10/2014 12:50 CET
The situation hasn't changed much since yesterday as the market keeps making lower lows and lower highs. This might mean, that after completing the internal corrective sub-wave b purple, the golden trendline will be broken and the last wave c purple will be finally made. The projected target level is still the same at the level of 134.66 and a rebound is being expected from this level. The bullish divergence on the awesome oscillator supports the view.
Support/Resistance:
134.62 - WS1
135.08 - Intraday Support
136.05 - Intraday Resistance
136.30 - Weekly Pivot
136.55 - Technical Resistance
136.96 - WR1
136.93 - Technical Resistance
Trading recommendations:
Daytraders should wait if the golden trend line is broken, and then open sell orders with SL above the level of 136.05 and TP at the level of 134.66.