General overview for 04/02/2015 10:49 CET
The last impulsive wave up is in progress and the projected target is still at the level of 137.64. This target can be meet only if the intraday resistance at the level of 135.34 is violated in impulsive fashion. On the other hand, any downside extension below the level of 133.57 would mean that the top for the wave (c) blue is in place. Breakout below weekly pivot at the level of 132.37 supports the view.
137.64 - Target Level
136.58 - WR2
135.34 - Intraday Resistance
134.59 - WR1
134.34 - Intraday Support
133.57 - Intraday Support
132.37 - Weekly Pivot
The buy orders recommended yesterday were in profit for some time but the overall extension to the upside has not been as big as expected and the SL levels were hit eventually. Currently two levels are in play (135.34 to the upside and 133.57 to the downside). Traders should keep an eye on the price behavior at this levels and trade accordingly.
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Uitgevoerd door, Analytische expert
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