General overview for 11/04/2014 10:15 CET
The upside recovery in this pair continues and there is a potential for more gains here if the level of 1.0901 holds. As anticipated, the pair is at the edge of the acceleration channel, and one more push higher might be possible to complete the corrective wave progression.
Support/Resistance:
1.0811 - WS3
1.0857 - Swing Low
1.0901 - Intraday Support
1.0882 - WS2
1.0909 - Technical Resistance
1.0921 - WS1
1.0935 - Target for corrective wave
Trading recommendations:
Sell stop orders should be opened from the level of 1.0935 with SL above the level of 1.0956 and TP at the level of 1.0811.
The material has been provided by InstaForex Company - www.instaforex.com
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