The leading diagonal count had been slightly changed with the last wave -v- blue top moved to the level of 136.43 ( intraday resistance). Currently, the market is in a corrective cycle and first support is seen at the level of 135.34, right at the lower blue trendline. Only a sustained breakout below the intraday support at the level of 134.86 would invalidate the bullish scenario.
Support/Resistance:
134.86 – Intraday Support (strong)
135.04 – Weekly Pivot
135.34 – WR1
135.85 – Intraday Support (weak)
136.17 – WR2
136.43 – Intraday Resistance
Trading recommendations:
Daytraders should consider opening buy orders from the levels closest to the intraday support with SL just below the level of 134.80 and TP at the level of 136.43.
The material has been provided by InstaForex Company – www.instaforex.com
General overview for 24/07/2015 09:30 CET
The leading diagonal count had been slightly changed with the last wave -v- blue top moved to the level of 136.43 ( intraday resistance). Currently, the market is in a corrective cycle and first support is seen at the level of 135.34, right at the lower blue trendline. Only a sustained breakout below the intraday support at the level of 134.86 would invalidate the bullish scenario.
Support/Resistance:
134.86 – Intraday Support (strong)
135.04 – Weekly Pivot
135.34 – WR1
135.85 – Intraday Support (weak)
136.17 – WR2
136.43 – Intraday Resistance
Trading recommendations:
Daytraders should consider opening buy orders from the levels closest to the intraday support with SL just below the level of 134.80 and TP at the level of 136.43.
The material has been provided by InstaForex Company – www.instaforex.com
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