The Daily Forecaster

[B]BIAS[/B]: While 0.9100-05 supports I still prefer to see the rally extend to 0.8221 and max 0.9260

[B]MAIN ANALYSIS[/B]: Yesterday saw the rally extend to the lower end of the 0.9162-74 target and the subsequent pullback remaining above the 0.9100-20 area as described in yesterday's report. There are a couple of options but I see both bullish so look for the move higher extend back to the 0.9150-74 area. Take care here as this could trigger a minor pullback but overall, once that pullback is complete we should see extension to the 0.9220-50 area... There is a higher projection at 0.9281 so allow for this buut I'm not terribly keen on it. Only above 0.8300 would concern.

[B]COUNTER ANALYSIS[/B]: Only a direct break below 0.9100 would concern and risk a deeper correction. Here note the 0.9064-70 pivot support and the 0.9034 corrective low. Both would appear to have potential to cause a reaction of some kind. Only below there would risk a move to the 0.8975-80 pivot support.

For more information regarding the support & resistance and medium term outlook please see the attached PDF file.

Good trading
Ian Copsey

[B][URL="http://www.harmonic-ewave.com"]HARMONIC ELLIOTT WAVE[/URL][/B]