[B]Bias: [/B] Mixed - waiting for breaks as there is potential for a sideways consolidation
Yesterday's losses ended quickly and forced a pullback higher that looked strong enough to push to new highs. However, it has backed off from the 0.9174 area and before we can be certain of follow-through higher the 0.9174-89 peaks must be taken out. While a bullish stance is still valid the 0.9118-28 area must support. Thus, only if seen look for follow-through higher that would then extend above 0.9208 and probably to the 0.9242 area. Expect a correction here. After the correction is complete the 0.9295-0.9321 area is the target.
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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