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.
1.2281 – W2
1.2363 – WS1
1.2445 – Weekly Pivot
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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