General overview for 05/02/2015 12:30 CET
Both of the yesterday's support levels have been violated, yet the market has bounced up to the level of 134.48 so far, and currently it is trading inside the neutral zone. Only a sustained breakout above the level of 135.34 should be considered as bullish and the target level of 137.64 should be watched then. Otherwise, there is a chance that the wave (c) blue has been completed, and market might sharply reverse down. Breakout below the intraday support at the level of 132.29 opens the road to test the swing lows at the level of 130.14.
130.14 - Swing Low
130.39 - WS1
132.29 - Intraday Support
132.37 - Weekly Pivot
134.59 - WR1
135.34 - Intraday Resistance
Daytraders should consider opening sell orders from the current price levels with SL above the level of 135.34 and TP at the level of 132.29 with a possible extension to the level of 130.14 on Friday.
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Uitgevoerd door, Analytische expert
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