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[B]Bias: [/B] While 1.2145-52 supports I look for a recovery within the range

The 1.2285-1.2312 resistance gave way slightly but the reversal lower came and I feel that we should now see a recovery within the range. This should see the 1.2145-52 area support and provoke a break above the 1.2191 corrective peak to drive price higher through 1.2214 and 1.2240-70 to re-attack the 1.2313-37 area. Watch this carefully for bearish trade set ups. If it holds we should revert back lower into range again... Only a break above 1.2340 would see a move through 1.2553 and to 1.2394 at least. Also note resistance at 1.2429...

Given the larger picture remains bearish we cannot ignore any break below 1.2145 and the 1.2110 low ...

Attached Files

• The Brief Daily Forecaster.pdf (88.0 KB, 85 次查看)

[B]Bias: [/B] There seems to be early risk of gains but I'm not sure whether these will reach 1.4805-15

Yesterday's gains reached 1.4769 only from where we had quite a decent decline. Today has begun with a bullish outlook and I'm in two minds about whether this will reach 1.4805-15 as originally expected. I do feel that we should be looking to sell into rallied so look for bearish trade set ups anywhere above 1.4737... Clearly, if 1.4769 breaks then the ideal 1.4809 target will be resurrected. Thus, be aware of potential reversal patterns/signals.

On the downside which I feel has become more vulnerable a break back below the 1.4652 pivot support would begin to threaten the 1.4618 low. direct breach would open ...

Attached Files

• The Brief Daily Forecaster.pdf (87.7 KB, 72 次查看)

[B]Bias:[/B] This still looks positive but needs to break above 91.65 to extend gains for 92.08 and possibly 92.58

Yesterday's pullback was a little deeper than expected but can still fit into a bullish structure. However, to avoid extension of a possible sideways move we really need a break above both yesterday's 91.44 high and the 91.60 high. As long as we see these then we should see progress to the 92.08 target at least. Watch momentum carefully - if it is still strong then possibly the higher 92.58 projection can be attained. Then note the 92.95-05 pivot resistance and the 93.50-70 peaks.

If price doesn't fulfill the bullish preference then we could see extension of the sideways consolidation or a deeper ...

Attached Files

• The Brief Daily Forecaster.pdf (87.8 KB, 75 次查看)

[B]Bias: [/B] Slightly mixed but feel more on the bearish side. but not sure this will decline too far.

Losses stalled on Friday at the 1.0444 support but then extended to just above the 1.0404 support yesterday. I feel there is probably more room for losses today but I'm not convinced these will be strong. Below 1.0404-13 would see the decline extend to 1.0380 and then the stronger 1.0340-50 support. Watch for a bullish trade set up to develop. Only breach would maintain the bearish momentum for 1.0245-75 and max 1.0218...

Only an earlier break above the 1.0494-04 Fibonacci & price resistance would imply more direct gains to 1.0549 followed by 1.0582-94 and 1.0632. Also note the 1.0715 corrective high.
...

Attached Files

• The Brief Daily Forecaster.pdf (88.5 KB, 82 次查看)