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[B]BIAS[/B]: While 1.0060-70 caps there is room for losses to around 1.0000 before correcting higher

[B]Resistance[/B]:... 1.0060-70... 1.0094........ 1.0118... 1.0137-45
[B]Support[/B]:........ 1.0028........ 0.9999-10... 0.9966... 0.9925-30

[B]MAIN ANALYSIS[/B]: The break below the 1.0132 low certainly did the trick with solid losses through to 1.0028 this morning. This should see the 1.0060-70 area cap and provoke another leg lower to around 1.0000 from where I anticipate a correction higher. Only below 0.9990 would maintain the decline to 0.9966 at least. Take care there also. This needs to break to maintain losses for 0.9925-30 and 0.9902...

[B]COUNTER ANALYSIS[/B]: A break above ...

Attached Files

• The Brief Daily Forecaster.pdf (85.5 KB, 43 次查看)

[B]BIAS[/B]: The preference is for losses to resume… but take this step by step

[B]Resistance[/B]:... 1.2708... 1.2730-47... 1.2764-85... 1.2800
[B]Support[/B]:........ 1.2680... 1.2655........ 1.2620-25... 1.2606

[B]MAIN ANALYSIS[/B]: No losses but a break above the key 1.2591-12 resistance that basically broke the immediate downside and produced a retest close to the 1.2747 high. My preference is that it should now decline. A break below 1.2680 will certainly be the first sign that should allow losses down through 1.2655 and to the next bigger support around 1.2620-25. If this is to produce an extension lower then clearly the next larger barrier is the 1.2556 low but any loss would probably come ...

Attached Files

• The Brief Daily Forecaster.pdf (86.2 KB, 38 次查看)

[B]DAILY STRUCTURE[/B]

[IMG]http://i1079.photobucket.com/albums/w514/HarmonicElliottWave/FXS1-3.jpg[/IMG]

[B]19th June[/B]:

So far the 77.66 low has held and therefore there is a possibility for the underlying uptrend to resume directly. However, it's very much an unknown until we see breaks of key resistance around 80.14-55. Until then it's quite possible for Wave -ii- to dip a bit lower before rallying. Indeed, I can't even rule out a deeper Wave (II)...

So this will need a little TLC until price has made a demonstrated break and displays its intention to rally... If it does do this directly then the Wave (A) should reach back to 84.17 and potentially just above.

...

Attached Files

• The Brief FX & Metals Weekly Harmonic Analyst.pdf (351.0 KB, 40 次查看)

[B]BIAS[/B]: While 0.9469-79 caps this can extend lower to 0.9334-67

[B]Resistance[/B]:... 0.9469-79... 0.9495-05... 0.9520... 0.9540
[B]Support[/B]:........ 0.9435-40... 0.9420........ 0.9386... 0.9367

[B]MAIN ANALYSIS[/B]: Price dropped into the 0.9463-75 target support area at Friday's close but then gapped lower on open. This 0.9465-80 area should now cap and allow the downside to resume back down to this morning's 0.9420 low and later to the 0.9334-67 area at least. I feel we should be looking for possible bullish trade set ups here. Also note deeper retracement levels at 0.9260-00.

[B]COUNTER ANALYSIS[/B]: Only an earlier direct break above 0.9485 area and also 0.9505 would allow ...

Attached Files

• The Brief Daily Forecaster.pdf (85.9 KB, 46 次查看)