Spot Price: 1.3800
Technical Analysis:
We went long in anticipation of new trend highs rather than waiting to pay up for a breakout. Prices now closer to our stop below the intraday uptrend acceleration point at 1.3780. Our target is 1.3900, but we will flat failures at 1.3835, the 1% MA at 1.3865 and the upper Bolli at 1.3890. Dailies remain bullish but overbought. Hourlies flattening out midrange.