General overview for 13/11/2014 06:05 CET

The corrective cycle continues to develop with first purple wave a completed. Currently, the purple wave b is still in progress and when it is completed the possible last wave to the downside will be made - purple wave c. Please notice that the alternative count still indicates a possibly more complex in time, price wave 4 purple (alt:4), and one more leg to the upside. New high above the level of 144.70 would support this view. New high above the level of 144.70 would support this view.

Support/Resistance:

144.68 - Swing Top|Technical Resistance| Intraday Resistance|

144.60 - WR1

143.33 - Intraday Support

143.03 - Intraday Support

142.49 - Weekly Pivot

142.11 - Technical Support | Key Level|

Trading recommendations:

Still the sell orders from the level of 143.68 should be kept open, with SL above the level of 144.68 and TP at the level of 142.11 with a possible downward extension to the level of 141.36.