The rebound effort from Monday to defend minor support and probe above minor resistance leaves bias for a Friday rally.
However, the Monday push through 1.0951 support reinforces the previous break through 1.1048, for a broader range environment.
We see an upside bias for 1.1125; break here aims for 1.1171, maybe 1.1244.
But below 1.1050 opens risk down to 1.0990/71.
Short/ Intermediate-term Range Parameters: We see the broader range defined by 1.1436 and 1.0819.
Range Breakout Challenge
Upside: Above 1.1436 aims higher for 1.1467, 1.1534 and 1.1680.
Downside: Below 1.0819 sees risk lower for 1.0658, 1.0520 and 1.0459.
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