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As the single currency has recovered after intra-day selloff to 1.0713, suggesting minor consolidation would be seen and although recovery to the Kijun-Sen (now at 1.0785) cannot be ruled out, reckon 1.0845-50 would cap upside and bring another decline later. A break of said support at 1.0713 would extend the
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As the greenback has retreated after rising to 120.36 (exactly 1.236 times projection of 118.33-119.49 measuring from 118.93), suggesting consolidation below this level would be seen and pullback towards previous resistance at 119.49 cannot be ruled out, however, reckon the lower Kumo (now at 119.16) would hold and bring another
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As the single currency has slipped again after faltering below resistance at 0.7342, retaining our view that further consolidation below last week's high of 0.7385 would be seen with mild downside bias for weakness to 0.7225-30, however, a firm break below there is needed to add credence to our count
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