The rally from last week's 2 month lows extended Monday. Friday’s upside break of the 13/100 day mvg avg proved important and a 3rd up day in a row was posted. The scope of these moves means immediate signals for sentiment are overbought but we currently look for profit taking setbacks to be temporary and limited.
we look to Buy in 1.3095/3100 area and any 1.3076 dip
Stop is 1.3044 offered
Targets 1.3143 and 1.3160
Closes 4 pm London time