With little natural resistance above, the next upside level of interest is the measured move target at 109.96; this is where equal legs leading up to and following the triangle would be satisfied. (daily) S/t, 5-waves up are in place and a correction lower has begun. Based on this count, we expect 109.46 resistance to hold near-term as prices migrate towards uptrend support at 108.20. More critical breakout support is 107.39. (hourly) Conviction: Med Levels: Support – 108.60, 108.20, 107.39 Resistance – 109.46, 109.96
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