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[B]BIAS[/B]: I feel this can see a deeper pullback but not convinced we have seen the final low

[B]Resistance[/B]:... 1.5838........ 1.5862-69... 1.5890... 1.5910-30
[B]Support[/B]:........ 1.5772-85... 1.5757........ 1.5732... 1.5708-17

[B]MAIN ANALYSIS[/B]: The drop below 1.5770 saw extension below 1.5747 to 1.5732. However, the manner of the decline suggests we have not yet seen the final low. In the meantime this really needs a deeper correction before it can extend back down to a more appropriate target. Thus today should see the correction higher extend above 1.5838 and to the 1.5860-90 area (allow for the 1.58910-30 congestion area) and from here the downside can resume back down to the 1.5732 ...

Attached Files

• The Brief Daily Forecaster.pdf (85.7 KB, 57 次查看)

[B]BIAS[/B]: As long as 80.05-12 continues to support this can move towards 80.89 before a correction

[B]Resistance[/B]:... 80.55........ 80.89... 81.15-20... 81.40
[B]Support[/B]:........ 80.12-17... 79.93... 79.68........ 79.43

[B]MAIN ANALYSIS[/B]: Gains seen to just under 80.57 and while the 80.12-17 srea continues to support we should now see the upside extend to 80.89 from where we should then expected a pullback to around 80.48. From this corrective low it should then set up the next leg higher through 80.89 and to the 81.40-45 area. The 81.40-78 area provides resistance and should trigger a correction lower. Only above 81.78 would see further upside.

[B]COUNTER ANALYSIS[/B]: ...

Attached Files

• The Brief Daily Forecaster.pdf (86.3 KB, 46 次查看)

[B]BIAS[/B]: The 0.9457 target is close and we should either see this directly or via 0.9367-77

[B]Resistance[/B]:... 0.9440........ 0.9457-65... 0.9476... 0.9505
[B]Support[/B]:........ 0.9405-10... 0.9367-77... 0.9355... 0.9315-26

[B]MAIN ANALYSIS[/B]: The 0.9828-40 support held perfectly and has provoked the gains I had expected and to just short of the 0.9457 target. As in EUR, if I have any preference then it's for a deep pullback to the 0.9367-77 area before resuming the rally to the 0.9457 target. However, I'd not fight a direct move to 0.9457 (and even 0.9476.) Either way I do see this projection area as a cap for a deeper pullback lower and back to the 0.9315-26 area at least and max ...

Attached Files

• The Brief Daily Forecaster.pdf (86.9 KB, 49 次查看)

[B]BIAS[/B]: While 1.2857-76 caps there is still risk of losses to 1.2685

[B]Resistance[/B]:... 1.2857........ 1.2876........ 1.2895-05... 1.2923
[B]Support[/B]:........ 1.2815-25... 1.2795-05... 1.2776........ 1.2757

[B]MAIN ANALYSIS[/B]: Loss of 1.2860-66 provoked the follow-through to the 1.2814-27 area. We're seeing a correction that should remain below 1.2857-76 if there are to be further losses. While this caps we should see a return to this morning's 1.2815 low and later through 1.2776 - take care at 1.2757 - but keep in mind the next target at 1.2685. If seen this should provoke a correction of around 200 points. Also keep in mind the 1.2623 daily low.

[B]COUNTER ANALYSIS[/B]: ...

Attached Files

• The Brief Daily Forecaster.pdf (87.4 KB, 40 次查看)