O/n the intraday charts completed a wave-iv triangle and this signals a move to above 103.09 today. A small rally can complete wave-v which in turn completes larger wave structures. The sharp RSI momentum highs indicate that this impulse is incomplete; we will feel more comfortable looking for a meaningful pullback only once there are stronger divergences in place. S/t, a rally to the 103.10/20 area today can lead to choppy trade with key support at 102.80/73. Were it not for NFP/ISM, the chart alone suggests a modest rally to new highs today. (hourly) Conviction: Med/High Trade: Long @ ~102.83; SL 101.75; TP 104.80/105.35 Levels: Support – 102.73 102.60, 102.21 Resistance – 103.09/20, 104.13, 104.84
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