Although the pair broke the support trendline that marked a succession of higher
lows on the 4 hour chart we can still expect the 1.0900 area to provide enough
support for a new move higher towards the 1.10 level. This is the consolidation
range some of us of thinking of after the USD rally we had in the previous days,
playing the range with carefull thought stops should provide a decent
risk:raward ratio for both longs and shorts until we see some sort of momentum
building up.
