General overview for 10/09/2015 08:10 CET
As anticipated yesterday, the market has hit the intraday resistance at the level of 135.81 and the corrective structure to the upside might be completed now. Nevertheless, the correction might get more complex if the downward wave develops in a choppy fashion, full of whipsaws and false breakouts. The intraday support at the level of 134.25 is the key downside level downside.
136.68 – 61%Fibo
135.81 – Intraday Resistnace
135.59 – 50%Fibo
134.80 – WR1
134.25 – Intraday Support
133.50 – Weekly Pivot
Daytraders should consideropening sell orders from the current price levels with SL just above the level of 135.81 and TP at the level of 134.25.
The material has been provided by InstaForex Company – www.instaforex.com