Daily Pivots: (S1) 0.9942; (P) 0.9967; (R1) 1.0005; More…
Intraday bias remains mildly on the upside for 1.0008 resistance fist. Break there will confirm that corrective pull back fro 1.0128 has completed at 0.9862 already. Further rally should then be seen to retest 1.0128 high next. On the downside, though, below 0.9911 minor support will turn focus back to 0.9848 support instead.
In the bigger picture, current development suggests that the medium term rally from 0.9186 hasn’t completed yet. Break of 1.0128 will target 1.0342 key resistance next (2016 high). On the downside, break of 0.9848 support will dampen this bullish view and turn focus back to 0.9541 key support instead.
