Wave-iv reached our proposed pullback “…zone b/w .9227/9145”. In doing so prices not only held pivot support but a series of Fib retracements that clustered around .9207. Also, notice RSI is rallying from above the bullish 40 level. A wave-v rally from current levels reaches symmetry ( & channel resistance) at .9385. S/t, a rally above .9263 signals a rally towards the highs at .93. Because wave-iv is relatively small compared to wave-ii, a break of .9215 means that the correction will carry on for a bit longer and likely reach .9180 before completing. Conviction: Med / High Trade: Long at .9143 (avg.) sl raised to .9123, tp .9400 Levels: Support – .9215, .9207, .9177 Resistance – .9263, .9304, .9385
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