There is a slight change to the Elliott wave count below but the message is the same, a 4th wave correction is in the latter stages and will set the stage for a wave-5 of (3) rally to near 104. There is a strong support zone between the old July high at 101.53 and the 38.2% retrace at 101.18 (the latter is also a key pivot low). S/t, this correction in contrast to the wave-2 correction is tracing a sharp but shallow retrace of the previous rally. For today there is pivot and channel support at 101.92 and 101.62 respectively. Resistance is 102.84 which sets up a projected range of 101.92-102.84. Levels: Support – 101.92/82, 101.53, 101.18 Resistance – 102.84, 103.37, 103.91
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