Bias: Mixed - tend to look for the correction above 133.93 to extend
Losses were pretty solid and stalled just below the 134.00 support. I suspect this is probably enough for now and we could begin to see some rather messy consolidation but with a basically bullish undertone. I don't think we'll get a break below yesterday's 133.93 low and more probably see a bounce from between 133.93-134.50 which can then slowly move towards 135.55-65 and possibly as high as 135.93-20.
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 the support & resistance levels highlighted in the report are now available on the Daily Forecast page of my web site. (+100 pips)
Losses were pretty solid and stalled just below the 134.00 support. I suspect this is probably enough for now and we could begin to see some rather messy consolidation but with a basically bullish undertone. I don't think we'll get a break below yesterday's 133.93 low and more probably see a bounce from between 133.93-134.50 which can then slowly move towards 135.55-65 and possibly as high as 135.93-20.
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 the support & resistance levels highlighted in the report are now available on the Daily Forecast page of my web site. (+100 pips)
