[B]Bias: [/B]I look for losses to 1.4660 before a correction but while this remains below 1.4850-60 expect losses
Once the 1.4824 corrective low caved in the downside seems to suggest a move through to 1.4530-80. This morning has seen Friday's losses follow-through to 1.4706 but I still feel these should extend just a little further to 1.4660. Here I will expect a pullback to the 1.4850-60 area. Thus only directly below 1.4650 will imply immediate extension of losses to 1.4612 at least. Take care there. Only breach would then generate follow-through to the 1.4580 low followed by 1.4531.
For full analysis please open today's full report in PDF format.
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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