General overview for 24/08/2015 11:30 CET
The market still cannot break out above the 138.84-138.94 resistance zone and the corrective cycle is getting more and more complex and time-consuming. Only a clear breakout below the intraday support at the level of 138.99 will confirm the top for the wave X brown is in place.
139.65 – WR1
138.94 – Intraday Resistance
138.34 – Weekly Pivot
138.10 – Intraday Support
137.78 – WS1
137.05 – Intraday Support
Daytraders should consider selling any breakout below the level of 138.10 with SL above the level of 138.94 and TP at the level of 137.04.
The material has been provided by InstaForex Company – www.instaforex.com