A break above 1.4365 indicates a move to recent swing highs between 1.4380-1.4390 and beyond 1.4400-1.4410. A move beyond is likely to test 1.4440-1.4450. A break of that level, if it can hold signifies a longer term move higher.
Minor support has developed at 1.4320 A drop below is likely in early European (if not it is likely to be a predominantly bullish day) but if sustained indicates the range is likely to continue. Further support is at 1.4290, 1.4280 and 1.4220. Beyond this support is swing lows in the area between 1.4190-1.4170.
Cory Mitchell, CMT
Minor support has developed at 1.4320 A drop below is likely in early European (if not it is likely to be a predominantly bullish day) but if sustained indicates the range is likely to continue. Further support is at 1.4290, 1.4280 and 1.4220. Beyond this support is swing lows in the area between 1.4190-1.4170.
Cory Mitchell, CMT
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