Resistance 3: $1.3110
Resistance 2: $1.3000
Resistance 1: $1.2790
Current price: $1.2757
Support 1: $1.2680
Support 2: $1.2530
Support 3: $1.2330
Comments: The pare tested the lower bound of the
continuation triangle
pattern around $1.2670/80 before bounced back. Corrective rise seems
likely in the nearest hours. Closest resistance is session high and
former support $1.2790 ahead of $1.2930/50 (yesterday high, upper
bound of the triangle and 21-DMA). Sustained break above will open the
way to $1.2990/00 and to November 5 high at
$1.3110/20 . October 30 peak $1.3300 (38.2% of the $1.4860
decline) remains pivotal resistance.Below $1.2670/80 support comes at Nov 4 low
$1.2530.October 27 and 28 lows at $1.2330 area remain the key target.