A strong rebound from trend line support from early June to push through setback resistance and approach a notable 1.1280 peak to maintain a positive view for Tuesday and this week.
Moreover, whilst above 1.0819 we see a bullish bias through mid-June from the prior push up through 1.1208.
We see an upside bias for 1.1380; break here aims maybe for 1.1467.
But below 1.1270 opens risk down to 1.1183 , which we would look to try to hold.
Short/ Intermediate-term Outlook - Upside Risks:
We see a more positive tone with the bullish threat to 1.1467.
Above here targets 1.1534 and 1.1680.
Overshoot risk is higher for 1.1871.
What Changes This? Below 1.0819 signals a neutral tone, only shifting negative below 1.0658.
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