Friday’s downside failure at a daily Marabuzo line left the immediate outlook for this week unclear. That situation has yet to be clearly resolved but Friday’s net losses were regained after buyers were again seen near that Marabuzo line (Dec 5th) and the 13 day mvg avg. Until/unless last week's top is breached signals for sentiment cannot be strong but a close near the highs ensures that our technical studies have a positive bias.
So we look to Buy in 1.3400/05 area and any 1.3363 dip
Targets are 1.3427, 1.3445 or even 1.3487
Stop is 1.3328 offered
Closes 4pm London time