The market broke out of the trading range and now is trying to test 78% Fibo at the level of 1.3479. The level of 1.3433 will act as an intraday support now as a market approaches the resistance level. Please notice, the growing bearish divergence between the price and momentum oscillator. Support/Resistance: 1.3503 - WR1 1.3479 - 78%Fibo 1.3433 - Intraday Support 1.3322 - Intraday Support 1.3292 - Weekly Pivot 1.3269 - Intraday Support 1.3167 - WS1 Trading recommendations: The buy orders should be still kept open. TP should be set at the level of 1.3479.
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