A sustained move under .7537 will indicate the presence of sellers. If this creates enough downside momentum, we could see the start of a correction back to the first support zone at .7351 to .7307.
A sustained move over $1927.60 will indicate the presence of buyers. If this move creates enough upside momentum then look for a surge into the major Fibonacci level at $1951.00. Overtaking this level could lead to a test of yesterday’s high at $1976.50. This is a potential trigger point for an acceleration to the upside with the August 6, 2020...
A sustained move over $1851.40 will indicate the presence of buyers. The first minor target is $1863.50. Overtaking this level could trigger a further rally into the November 16 main top at $1882.50, followed by a long-term 50% level at $1899.80.