Mmm, nice trend on Thursday, and it even over shot the final profit target from yesterday’s post by 20 pips to hit 1.4820 which is currently the low of the move.  The range between 1.4820 and 1.4800 is support.   If that breaks targets beyond are at 1.4775 and 1.4740-1.4730.

A pop above 1.4880 will likely make a run at 1.4900.  A rise above 1.4920 indicates a larger pullback with targets 1.4940 and 1.4980 if previous level is exceeded.  Beyond this we have a strong resistance level in the 1.5000-1.5020 range.

Day trade the day lights out of it,

Cory Mitchell, CMT
Chief Market Strategist
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