The initial dip was bought in to and follow through momentum resulted in a positive daily performance being posted. Previous resistance located at 1.1020. Selling posted in Asia. Price action continued to range between key (1.0715 - 1.1020) and we expect this to continue. The candle on the 4 hour chart is negative for sentiment. Preferred trade is to sell into rallies.
Our profit targets will be 1.0885 and 1.0855
Resistance: 1.0996 / 1.1008 / 1.1020
Support: 1.0900 / 1.0885 / 1.0852