General overview for 24/03/2014 09:00 CET
The abcde green triangle idea is still possible and the key level for that count would be intraday resistance at the level of 141.98. Any breakout higher above this level means that grey rectangle area between the level of 142.21- 142.30 will be tested. Please notice the red descending trendline from last swing high might provide additional dynamic resistance as well.
Support/Resistance:
143.39 - WR3
142.68 - WR2
142.30 - 142.21 - Technical Resistance
141.98 - Intraday Resistance
141.85 - WR1
141.27 - Intraday Support
141.15 - Weekly Pivot
140.40 - WS1
Trading recommendations:
Sell limit orders should be opened from the level of 141.98 with SL above the level of 142.31 and TP at the level of 140.30.
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on market trends you may visit via Technical analysis of EUR/JPY for March 24, 2014 . Thanks for your support on Technical analysis of EUR/JPY for March 24, 2014
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