General overview for 11/12/2015 09:40 CET
The wave c green bottom occurred at the projected level and a strong rebound made the price to break above the intraday resistance line. Nevertheless, the black short-term trend line has not been violated yet and it is still possible that the corrective structure will evolve more complex and time-consuming pattern ahead of the next week's very important Fed's meeting.
Support/Resistance:
134.16 - Intraday Resistance
133.06 - Weekly Pivot
132.75 - Intraday Support
131.56 - WS1
Trading recommendations:
Day traders should refrain from trading and wait for a better trading setup to occur, because current risks to reward ratio are too big for any trade.