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[B]Bias:[/B] The move should be choppy but I look for a recovery to 1.0413-28 (max 1.0450) before lower again

Yesterday's rally stalled just below the 1.0365-83 resistance and a correction seen as expected. This has been deep but ideally it should now be complete. There is perhaps minor risk of seeing 1.0223 again and even 1.0190. However, I do not think that the 1.0359 high was a deep enough pullback and another hike is due. Ideally I'd like to see the 1.0270-75 pivot resistance broken. Once this occurs we should see follow-through to 1.0307 initially. Take care as this could see a small pullback. Once broken look for follow-through back to yesterday's high and finally to the 1.0412-28 resistance. I feel this will cap - look ...

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• The Brief Daily Forecaster.pdf (87.5 KB, 82 次查看)

[B]Bias:[/B] While 1.4685-03 supports there is a small risk of new highs but overall I feel a correction lower is due

I was completely wrong yesterday with the degree of strength seen not really anticipated. However, I don't think this will maintain its strength but I am aware of the small risk of one more high. For this the 1.4685-03 area must support on any early dip. If then we see a break above 1.1772 & yesterday's 1.4808 high then be aware of the chance that we'll see the rally extend to the 1.4831-69 area. I think this will hold so watch for bearish trade set ups in this area. Only above 1.4870-84 would risk direct strength to 1.4963 and above there note the 1.5049 corrective high.

From 1.4831-69 or a ...

Attached Files

• The Brief Daily Forecaster.pdf (88.5 KB, 97 次查看)

[B]Bias: [/B] While 91.45-55 supports the upside has potential for 92.33 and 92.68-87

The review of the weekly structure has made me bullish but I am aware that this can still be quite choppy. However, there does seem to be a strong chance we shall see gains continue today with the maximum downside at the
91.45-55 pivot support. This should provide a base for gains through 92.07 and to 92.33. Expect a correction from there but limited before a further rally to the 92.67-87 area. Again expect a correction from here and probably a little deeper. Above there is minor resistance at 93.00-11 and stronger around 93.37 which should be the target after the correction from 92.67-87 has completed.

Only a break ...

Attached Files

• The Brief Daily Forecaster.pdf (87.0 KB, 86 次查看)

[B]Bias: [/B] While 1.2062-75 supports I look for continued gains above 1.2147 and to 1.2240-45 & possibly 1.2266-95

Break above 1.1980-90 and then the push through 1.2072-01 has indicated that a major low is in place. This should see further gains towards the 1.2266-95 area at least. For this to occur the 1.2062-75 area should support. Therefore look for bullish trade set ups around here. With this support holding it should cause follow-through to 1.2167 at least. Take just a little care here as this is an alternative early target (for a correction) though I feel the greater risk is for gains to push directly above for 1.2240-45 minimum and probably the 1.2266-95 area. Above here take care and watch for bearish trade set ups. ...

Attached Files

• The Brief Daily Forecaster.pdf (88.0 KB, 79 次查看)