Price:   0.9339

Bias:     While 0.9330-37 supports I see room for gains to 0.9404 before correcting lower

Daily Bullish:

Gains developed although not quite as expected and I still feel that while the 0.9330-37 support holds we should see one more push higher. A mvoe back above the 0.9350-55 pivot area should attack the 0.9383 high and then the 0.9404 high from last November. I feel this will hold for a correction. However, note next resistance at 0.9477.

MT Bullish:

12th April:            Gains are being seen and should reach 0.9404 and after a correction to 0.9477 at least. I will review as we approach but note further resistance at 0.9504, 0.9553 and 0.9619.

Daily Bearish: 

As long as 0.9330-37 supports to trigger another push higher then I feel we should be watching the 0.9400-05 area for signs of a top forming. It should only be for a correction lower but should be down to the 0.9295-0.9305 area.

MT Bearish:

 12th March:       If we see a move to 0.9404, back to 0.9300-05 and then 0.9477 then I feel we could see a larger correction from that high.

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 potential trading levels highlighted in the report are available on the Daily Forecast page of my web site in the Trader Package review. (+40 pips)

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