25th February 2015 – Technical Outlook


FROM HERE: stay long or buy on dips around 0.7750 (don’t think will get to 0.7730) to target 0.7850 for start

BUT: should lock in some profits if 0.7850 is near just in case it can’t break through again.

COMMENT: would maintain long position unless 0.7750 breaks. Still locked in range 0.7700—0.7850



FROM HERE: sell on rally around 119.41 to target 118.50 then 118.20

BUT: above 119.77 will trigger stops which may see 120.00 (unlikely though)

COMMENT: overnight high of 119.85 might be as good as it gets to 120.00 target. Pick good level to go short.



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