Spot Price: 1.3834
Technical Analysis:
The overnight breakout to new trend highs was limited to 10 pips at 1.3843 and in Asia to 1.3845, not enough to take us long. The daily uptrend remains intact albeit chronically overbought. Dip buying preferred, with the 10-day MA near 1.3790, just ahead of Friday"s 1.3780 lows the initial target. Hourlies are marginally overbought.

The market strategy is: Buy at breake of 1.3845