The Euro survived the test of short-term Fibonacci support, and as we have expected, started a correction move up, without breaking 1.4300, and stopped just 8 pips below what we have called "the most important resistance" in yesterday's report. The above mentioned support at 1.4183 will still be the most important for short-term, because a break here will give way to an attempt to reach a lower bottom, below Aug 17th low 1.4045. On the other hand, EURSUD could continue correcting the last drop, and if this move up is corrective as we suspect, it should not break 1.4300, as we can say that this is the most important resistance for the time being. If broken, this move up cannot be classified as a short-term correction, and it will have the ability to fly above 1.44 before the end of the week.

Support:

• 1.4230: Fibonacci 61.8% for the micro-term.

• 1.4183: Fibonacci support 61.8%, the most important support for short-

term.

• 1.4135: The rising trendline from July's low.

Resistance:

• 1.4300: Fibonacci 61.8% for the short-term, the most important resistance

for now.

• 1.4352: the falling trendline from Augusts' high.

• 1.4412: the most important resistance in the wide and crowded resistance

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