Support at 1.3462 will ideally protect the downside for a break above 1.3598 which confirms continuation higher towards 1.3711 and a break here confirms a rally higher towards at least 1.4247.
Break below 1.3462 will delay the potential upside for a move closer to the neckline support near 1.3375
We will ideally see a break below important support at 1.5886 soon for a continuation towards at least 1.5425 as the final wave E of the major triangle is developing. However, we have to be aware, that E-waves can be sub-normal, which means it could end early for a rally above 1.6260 and confirm the thrust out of the triangle, but that is less unlikely in my view.
Short term only a break above 1.6057 will delay the downside for a move closer to 1.6124 before Down Again.
Ideally we will soon see a break above 99.67 and more importantly a break above 100.61 confirming that the thrust out of the red wave iv triangle is developing for a rally towards at least 107.22 and more likely even higher towards 110.49.
Short term only a break below 97.98 will delay the potential upside rally.
