[B]Bias:[/B] While 0.7130 supports I look for gains to extend to 0.7287-05
Friday's correction stalled above the 0.7042 minimum target and from the 0.7056 low we are seeing the upside being pushed more strongly, thus far reaching the 0.7207 level. I still feel we shall see additional gains but there does seem risk of an initial correction which I see having potential for the 0.7130-60 area. While this holds we can see a second attempt back to 0.7207 and then probable follow-through for gains to reach the 0.7267 high at least. Take care from this point. I also see targets at 0.7287-05 which I feel will cap.
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For a full description of how to use the analysis please see the Analysis page of my website. The prior day's set ups for potential trading levels highlighted in the report are now available on the Daily Forecast page of my web site.
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