[B]Bias: [/B]We need the 1.4320 area to cap to retain a directly bearish stance for 1.4115 & probably 1.4028-50
Yesterday saw a successful cap at 1.4300-20 but the breach of the prior 1.4136 low only saw another 13 pips before it rushed back to 1.43 again. Ideally I'd like to think this has completed a complex correction & thus the decline should resume. The slow start concerns and thus it may be better to wait for loss of the 1.4190 low to look for additional losses down below 1.4115-23, then onto the 1.4070 area. Expect a small pullback but then a test of the 1.4050 low & possibly just below stalling between 1.4006-28 (max 1.3962.)
For full analysis please open today's full report in PDF format.
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