Current level – 1.1819
The corrective pattern below 1.1830 is over with yesterday’s low at 1.1725 and the bias is positive, for a break through 1.1836, towards 1.2050 zone. The market could remain on hold till ECB rate announcement today and unwind a bullish move afterwards.
Current level – 109.93
The short-lived spike to 110.80 was the final leg of the upmove since 108.10 low and my outlook is bearish, for a slide towards 109.20, en route to 107.90.
Current level – 1.3405
Yesterday’s dip to 1.3306 should be enough to complete the consolidation pattern below 1.3460 and my outlook is already bullish, for a break through the mentioned hurdle, towards 1.3620 area.