The support of 1113.00 held along with positive signs on RSI14 and ADX, suggesting potential recovery.

The huge fluctuation seen yesterday was limited above 1113.00-Fibonacci of 23.6%- and that should bring further upside movements, targeting 1136.00 where 38.2% level exists.

Ultimately, a break above 1125.00 is required to affirm the bullish scenario.

Support: 1113.00 – 1105.00 – 1097.00

Resistance: 1125.00 – 1130.00 – 1136.00

Direction: Up

Posted By: ICN.COMon: August 18, 2015In: Technical Analysis

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• Direction: neutral   (2016-06-20 20:28:46)