In line with both yesterday's, and this week's, positive calls Wednesday’s strong downside rejection impacted on Thursday’s sentiment. The crucial 13 day mvg avg again acted as a level to attracted buyers and another attempt to break above the Marabuzo line created Nov 1st was made. Although that level yesterday, it has been exceeded in Asia and while caution does need to be applied, our intraday technical studies are positive.
So we Buy in 1.0070/75 area and any 1.0041 dip
The stop is 1.0007 offered
Targets are 1.0095, 1.0121 or even 1.0153
Closing 4pm London time