Further attempts to breach the key resistance for the medium term ascending channel have failed. We see in the image above the butterfly in yellow which will not be breached until we see a successful breakout of the 890.55 level where from here we see the Harmonic Trend with the correction level at 76.4% is still intact and will be confirms the fact that we expect a significant fall.

The trading range for today is among the key support at 830.80 and the key resistance at 944.65

The general trend is to the downside as far as 934.00 remains intact with targets at 649.20 and 615.60

Resistance879.20 888.50 890.55 894.80 908.10


sell the pair below 877.00 with targets at 836.40 and stop loss above 890.55