In line with this week's bearish outlook, selling pressure around last Wednesday’s Marabuzo line proved important. Selling interest was renewed Monday with the decline yielding our first downside target and new 7 week lows. But although net losses were posted, there was a significant profit taking bounce from the day’s base that is enough to give intraday bullish bias.
So we look to Buy in 1.1490/95 area and at 1.1470
The stop is 1.1439 offered
Targets - 1.1524, 1.1549 or even 1.1569
Closes 4pm London time