General overview for 03/02/2016:
A three-wave corrective cycle to the downside looks now completed and further gains are anticipated. A breakout above the intraday resistance level of 130.81 will be the first confirmation of impulsive wave developing. A new high above the level of 132.23 will be the first target for bulls.
133.69 - WR1
132.27 - Local High|Technical Resistance|
130.81 - Intraday Resistance
130.76 - Weekly Pivot
130.22 - Intraday Support
129.18 - WS1
An uptrend might be resumed now, so day traders should consider placing buy orders from the current market levels with SL below the level of 130.21 and TP open for now.