Friday’s price action obliged “minor wave-iv pullback” to the 101.70 area; this is part of a small correction that is taking place at the June downtrend line. There are minor projections beneath the key 102.27 resistance level at 102.10/20 but ultimately we expect a rally to the July high to complete wave-3/c. S/t, resistance today is 101.94/102.00 and support is 101.72/66. There is still a case for quiet trade today as the market completes a wave-4 of minute degree. Conviction: Med Levels: Support – 101.72/66, 101.60, 101.32 Resistance – 102, 102.27, 102.80
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