Today's Support and Resistance Levels:
R3: 142.83
R2: 142.42
R1: 142.12
Current Spot: 141.82
S1: 141.70
S2: 141.21
S3: 140.90
Technical Summary:
As we still haven't seen a break below 140.91 therefore it's still an open question whether we have an important top in place or not. As long as important support at 140.91 stays unbroken the underlying uptrend stays intact. That said, I do prefer an important top being in place at 142.83 and will be looking for minor resistance near 142.15 protecting the upside for the break below 140.91 confirming the top.
Today's Support and Resistance Levels:
R3: 1.6779
R2: 1.6718
R1: 1.6675
Current Spot: 1.6613
S1: 1.6581
S2: 1.6556
S3: 1.6516
Technical Summary:
I'm still looking for the final rally towards 1.6869 to end the leading diagonal. Once finished we should see a correction towards 1.6556 before a new powerful impulsive rally higher towards 1.7239 takes over.
Short term expect minor support at 1.6618 to protect the downside for a break above 1.6675 confirming renewed upside pressure, for a possible rally towards 1.6869. Only a break below 1.6556 will invalidate the bullish outlook and add considerable downside pressure.
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