[B]MAIN ANALYSIS[/B]: Price rallied to the 0.9763-84 target area area and also the small overlap to 0.9805 but as expected we had a pullback lower. We are now in a situation where price is basically supported but needs to extend gains to maintain the move higher else this could lapse into a sideways consolidation. Thus wait for a break above 0.9803-10 to see the upside extend further to 0.9825 & 0.9855 to reach the next target at 0.9877-97. This should cap for another correction lower.
[B]COUNTER ANALYSIS[/B]: Until price has broken higher there is still risk of consolidation above the 0.9674-95 area. Only below 0.9674 would risk deeper losses down to the 0.9627-50 corrective low at least - and if that breaks to retest the 0.9580 low.
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