A rebound from new support established at 1.1204/03, and as we had expected on Thursday a push above 1.1380/86 to aim higher Friday.
Furthermore, 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 1.1426; break here aims for 1.1467, maybe even for 1.1500.
But below 1.1327 opens risk down to 1.1250 and maybe back to 1.1204/03.
Short/ Intermediate-term Outlook - Upside Risks:
We see a 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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