The Daily Forecaster

[B]Bias: [/B] While 1.0244-66 supports I feel we shall move higher to 1.0346-88
before reversing lower

This has been a lot more choppy than I had expected but does seem on track to reach the 1.0349-88 area. I would prefer that we get an earlier pullback and while the 1.0323 high holds we can still see a move back into the
1.0244-66 support area. From there - or a direct break above 1.0323 we should then see extension to 1.0349 at least. Take care there. A more direct break higher could reach teh higher target. However, as soon as it breaks above 1.0349 look out for bearish reversal patterns. Only above 1.0388 would suggest a higher test at 1.0417 - max 1.0450-72.

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