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Bias:--- Mixed – waiting for breaks

While losses broke below 0.7722 these stalled at 0.7701 and generated a firm reversal higher. The rally looks as if it should reach the 0.7760-74 area again. However, until this breaks we should be cautious about expecting any stronger follow-through. If seen then look for the rally to extend above
0.7903 and to 0.7928. Take a little care as this could cause a reaction but overall I feel this break higher should then extend towards 0.7981 and to the 0.8037 corrective high.
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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 ...

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[B]Bias: [/B]-- While 1.6223-41 caps I look for losses to extend to 1.6039-50 and later 1.5982

While the downside wasn't as strong as I would have liked to have seen the progress is encouraging and while the 1.6223-41 resistance area caps I feel we shall see additional losses through Friday's 1.6155 low and onto 1.6081 at least and I tend to favor 1.6039-50. This should produce a correction only but could reach as high as 1.6280-00. Overall I look for a move to retest the 1.5801 swing low by tomorrow or Wednesday.

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 (23.1 KB, 117 次查看)

[B]Bias:[/B]--- The bounce from 1.0744-60 was perfect and this should translate into gains once above 1.0847

Price met its 1.0744-60 target and now we need plan the route higher.
However, at this early stage there is little to work with. I do see resistance between 1.0820-47 which I feel may well cause the first pullback. Once above 1.0847 we should see quicker progress and if any areas are likely to stall then it will be the 1.0955 and 1.1021 peaks. Currently I don't have targets as this is the beginning of a new wave higher but there is also possible resistance around 1.1095.
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Please view the complete analysis in the attached PDF file.

Attached Files

• The Brief Daily Forecaster.pdf (24.9 KB, 123 次查看)

[B]Bias: [/B]-- I look for a recovery to 93.62-93 followed by losses back to 91.79 and later to 90.49 (max 89.91)

Losses brushed through all supports to extend to the final support mentioned yesterday at 91.69-88. I look for the 93.62-93 area to cap and to generate a final leg lower. Thus look for bearish reversal patterns at 93.62-93. Only an earlier break below 92.34 would suggest this will occur more directly and then we can expect a decline to somewhere around the 91.79 low which should provoke a correction. Eventually, and likely to be tomorrow or at the latest Friday, we should see losses to 90.49 and at most 89.91

-Please view the complete analysis in the attached PDF file.

For a full description ...

Attached Files

• The Brief Daily Forecaster.pdf (24.8 KB, 122 次查看)