General overview for 02/11/2015: 13:00 CET
Another wave down was made to complete the corrective structure to the downside, but please notice there is still a possibility of a marginally lower low. In that case, the overall cycle would be labeled as abc irregular correction wave 2, so further upside wave development would be anticipated.
Support/Resistnace:
1.3276 - Swing High
1.3123 - Intraday Resistnace
1.3115 - Weekly Pivot
1.3053 - Intraday Support
1.2954 - WS1
Trading recommendations:
Day traders should consider buying on the dips in this market with tight SL and TP open for now.
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/CAD for November 2, 2015 . Thanks for your support.
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