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The range is formed by the 38.2 percent and the 23.6 percent retracements on the uptrend from $1,302.61 to $1,356.66. A break below $1,336 could cause a loss into the range of $1,323-$1,330, while a break above $1,344 could lead to a gain to the zone of $1,349-$1,353.
The bias could be towards the downside, as the rise from $1,321.21 could be too steep to sustain. A further fall to $1,330 looks highly likely.
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