EUR/USD M30

General Overview for 03/12/2014:

Five waves in last impulsive fifth wave has been completed and it looks like the market is ready for a rebound to the upside. The first confirmation comes with the level of 1.2233 breakout and market should target the level of 1.2263 then.

Support/Resistance:

1.2281 – W2

1.2363 – WS1

1.2445 – Weekly Pivot

Trading Recommendations:

Small buy orders might be open from the current price levels with SL just below the level of 1.2300 and TP at the level of 1.2363.

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