[B]Bias:[/B] We may have seen the low already. at most the downside should be limited to 1.4630-40
Price has reached the minimum downside target but not quite the preferred
1.4630-39 support. Thus, with this small discrepancy we need to be aware of the downside risk as well as the upside. However, the 1.4630-39 area is the downside limit so overall the upside has greater potential. Thus, look for a bullish set up anywhere between 1.4630-68. Any earlier break above 1.4750-75 would trigger direct gains and then I'd look for a recovery back to the
1.4795-05 pivot area. Above there the next resistance appears to be around
1.4862 & 1.4904
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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