INTRADAY CHART
BIAS: There could be a dip to 0.9910-20 for gains to resume - but could imply a complex correction
Resistance: 0.9947-50 0.9970-80 0.9998 1.0025-30
Support: 0.9932 0.9910-15 0.9875-80 0.9840
MAIN ANALYSIS: It appears that the 0.9915 low was the end of the pullback and from there we saw a steady rise and then a sharp rally to the 0.9979-93 area - ending at 0.9998. As expected, this provoked a deep correction to reach 0.9932 but I suspect that while 0.9947-50 caps, we could see a blip down to 0.9910-15. If this occurs, it will imply a 3-wave decline and as such it will raise the risk of a complex correction - although this will need to be observed carefully. If that 0.9910-15 low is seen, then if we are to see a triangle then the 0.9970-80 area could cap - but observe momentum. If there are bearish reversal indication be cautious as it could trigger the triangle. Otherwise, any stronger bullish momentum could take this back to the 0.9998 high. The next higher degree target is at 1.0066 or 1.0108.
COUNTER ANALYSIS: Only a direct break below 0.9900 would cause some problems and I can't see particularly strong supports. Maybe 0.9840 could support. If broken then look for 0.9810-15 and if below then 0.9750-67…