Resistance at 126.80 has held firm, but the correction from here should only prove to be temporary and will ideally stay above support at 125.45 for a breakout above minor resistance at 126.10 and, more importantly, a breakout above resistance at 126.80 that yields a continuation of the upward movement towards 127.50 and 129.30 as the next upside targets.
Only an unexpected breakout below support at 144.90 will shift the bias towards the downside.
R3: 127.50
R2: 126.80
R1: 126.10
Pivot: 125.60
S1: 125.45
S2: 125.20
S3: 124.77
The material has been provided by InstaForex Company - www.instaforex.com
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