General overview for 09/09/2015 09:30 CET
The level of 134.68 was violated, so the green impulsive count to the downside had been invalidated. The bottom for wave C black is now set at the level of 132.22. The current corrective structure labeled as abc purple might just be a part of a lager corrective (a)(b)(c) blue cycle with targets at the levels of 135.59 and 136.38.
136.68 – 61%Fibo
135.81 – Intraday Resistnace
135.59 – 50%Fibo
134.80 – WR1
134.25 – Intraday Support
133.50 – Weekly Pivot
Sell orders from the level of 136.68 should still be in play with SL above the level of 135.10 and TP at the level of 134.25 and 133.50.
The material has been provided by InstaForex Company – www.instaforex.com