[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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