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The support is provided by the 61.8 percent projection level of a downward wave (c) from $1.1715. Generally, a 61.8 percent projection level is a strong support. However, in the case of coffee, the bounce triggered by $1.0605 was very weak. It has been reversed. The reversal signals an extension of the wave (c) towards $1.0340.
Resistance is at $1.0815, a break above which could lead to a gain into the range of $1.1025-$1.1290.