General overview for 22/06/2015 6:30 CET
The price is still trading inside of the neutral zone between the levels of 137.99 and 140.65 as the complex corrective cycle is unfolding. Any breakout above the intraday resistance at the level of 140.65 will be considered bullish and the main count will be invalidated. On the other hand, to continue with the current main count, the market must break below the intraday support at the level of 138.93 and head into the supply breakthrough zone agaim.
141.05 – Swing High
140.00 – WR1
140.65 – Intraday Resistance
139.57 – Weekly Pivot
138.93 – Intraday Support
138.50 – WS1
137.98 – 138.28 – Supply Breakthrough Zone
Daytraders should consider opening sell orders from current levels with SL above the level of 140.66 and TP at the level of 138.93 with a possible extension upwards to the level of 138.00 later in the day.
The material has been provided by InstaForex Company – www.instaforex.com