Current Price: 1.3163
Resistance Levels: 1.3275, 1.3380, 1.3505, 1.3560
Support Levels: 1.3100, 1.2990, 12950, 1.2815
After breaking above the 1.2950 level, the price swiftly reached our target of 13150. We expect the top to form here within the range of 1.3158 to 1.3360. It is possible that we may already have a short term top in place at the December 09, 2010 high (1.3213). If this is the case, we would expect a correction down to around the 1.2925 area, from where we expect the next leg of the upward move to start.