USD/RUR Daily

General overview for 07/10/2015:

The impulsive wave progression to the upside hasn’t been completed yet as there is one more wave missing. The current structure looks like a Zig-Zag pattern in wave 4, which is a valid corrective pattern for this wave. However, the current corrective pattern might evolve into more complex and time consuming one, for example a triangle. Only a clear violation of the level of 56.565 will invalidate this count.

Support/Resistnace:
60 – 60.90 – Potential Reversal Zone

Trading recommendations:
Swingtraders should consider to open buy orders from PRZ between the levels of 60.00 – 60.90.

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