General overview for 24/11/2015 10:30 CET
An ending diagonal scenario is unfolding well as another sub-wave down has been completed. A growing bullish divergence between the price and momentum oscillator supports the view that an anticipated upside breakout will materialize soon. A breakout above the weekly pivot point at the level of 131.13 will be another indication of increasing upside momentum.
Support/Resistance:
129.96 - WS1
130.33 - Intraday Support
130.64 - Intraday Resistance
131.07 - Intraday Resistance
131.14 - Weekly Pivot
131.58 - WR1
Trading recommendations:
Day traders should consider placing buy orders only if the level of 131.06 is clearly violated, with tight SL and TP set at the level of 131.41.