Today's Support and Resistance Levels:
R3: 142.23
R2: 141.89
R1: 141.55
Current Spot: 141.41
S1: 141.15
S2: 140.90
S3: 140.60
Technical Summary:
I do expect more downside pressure, but green wave ii has become much larger than expected, however, it is allowed to correct all of green wave i, which means a return to 141.55, but it can not break above this important resistance even with one pip as that would change my preferred short term count to a more complex blue wave iv correction. If however, resistance at 141.55 does protect the upside for a break below 141.15 and more importantly a break below 140.82 I will be looking for green wave iii towards 139.72 and maybe even slightly deeper towards 139.43.
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