Last week saw a Short Covering Rally breaking above two key ares of resistance finally stopping at the key resistance area of 1.18363 forming a Bull Flag type pattern. Next week we look for a further correction to, with a possible re-test of broken resistance turning support at 1.17225, to provide long opportunities first for a re-test of 1.18363 with a view to breaking and further advances towards the next key area of resistance at 1.19370.