[B]Bias: [/B]-- While I can't rule out early range trading I feel that the next target is around 1.4265-72
No break of 1.4055 and a recovery still retains the 1.4265 target. Early trading may well range between 1.4100-37 but I shall expect a break through the high of the range to extend gains above the 1.4165 high and to 1.4208 en route the favored target at 1.4265-72. However, I feel this will hold for a firm correction lower. Thus only a break above 1.4272-75 would extend the bullish momentum towards the 1.4338 high. However, I don't see this bring broken at this point. However, note next resistance at 1.4412
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Please view the complete analysis in the attached PDF file.
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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