The 2008 downtrend has been broken along with multi-month pivot resistance near 1.3833. Now there is very little natural resistance up to ~1.42. From a wave perspective we have to account for a possible rising wedge or wave-b triangle. In either case a continuation towards 1.40 can unfold. (daily) S/t, channel resistance is at 1.3905 (current levels) and the upper wedge line surfaces at 1.3950. Support for today is 1.3833/25. More critical support is the previous low at 1.3708. (240min) Conviction: Med Levels: Support – 1.3833, 1.3825, 1.3708 Resistance – 1.3905, 1.3950, 1.4171
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