The Daily Forecaster

[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 ...

Attached Files

• The Brief Daily Forecaster.pdf (25.2 KB, 115 次查看)

[B]Bias:[/B] Mixed - waiting for breaks but with a more bullish bias if the 1.6494 resistance breaks

Loss of 1.6351-85 extended the decline to just below the 1.6322 support from where we have seen a modestly strong bounce. There is risk this could turn into a larger sideways consolidation and this would be signaled by a break above the 1.6485-94 highs. We'd still have to be careful at the 1.6515 Fibo retracement but overall I feel we'd likely see a choppy rally through 1.6551-84 and onto somewhere into the 1.6612-56 area. However, this should cap. Thus only above 1.6660 would return us to the 1.6720-45 area.

Please view the complete analysis in the attached PDF file.

For a full description of ...

Attached Files

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[B]Bias:[/B] While 81.04-11 supports I look for one final rally above 82.05 and through to the 82.82 and probably 83.24-56 area

Gains were seen as expected but proved to be slightly stronger than anticipated. I feel there is still a little more to go and thus while the
81.55-73 area supports I look for a reversal back higher towards the 82.60 corrective high followed by Friday's 82.98 high and onto the 83.30-56 resistance which I feel will cap. Thus, only breach would extend the rally to 84.01-20.

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 ...

Attached Files

• The Brief Daily Forecaster.pdf (23.4 KB, 111 次查看)

[B]Bias:[/B] While 132.49 supports I feel we should see one final rally above 133.55 and to the 134.14 target before reversing

The rally extended all the way to 3 pips below the 133.58 target. However, in the process it has developed in a manner that is more consistent with another (but final) push. This will require the 132.49 low seen this morning to hold and for a break above 133.04 to trigger gains back to yesterday's
133.55 high. This broad area should generate a minor pullback but eventually follow-through to the 134.03-14 target resistance. It is here where I feel the high will develop. Thus, any stronger bullish view will require a breach of 134.20 and if seen would maintain the bullish momentum for 134.60-83 ...

Attached Files

• The Brief Daily Forecaster.pdf (25.3 KB, 122 次查看)