| Resistance: | 1.4475 | 1.4500 | 1.4527 | 1.4574 |
| Support: | 1.4400 | 1.4364 | 1.4312-20 | 1.4225-50 |
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Bias: While 1.4364-00 supports I still feel the upside is more vulnerable
Daily Bullish
Gains seen as expected which pushed above the 1.4498 high to stall in the middle of the 1.4549-90 range. This has caused a pullback but I feel that the 1.4364-00 area (and I tend to favor the 1.4400 low we have seen already this morning) will hold for additional gains. Back above 1.4475 would look like confirming additional gains through 1.4500-27 and to the 1.4574 high again. Breach extends further to 1.4640-69. Take care - this could cap. Next resistance is then not seen until 1.4749 and 1.4911-79.
Medium Term Bullish
5th February: There is still no sign of exhaustion from momentum studies and thus we have to be open for 1.4364-00 to support to provoke gains above 1.4475 and 1.4574 for 1.4669 and possibly higher. Larger resistance lies around 1.4979.
Daily Bearish
The pullback from 1.4574 may have ended though there is also support at 1.4364. Until this breaks I prefer to remain cautious about the downside. Thus only if breach is seen would I look for losses to provide a test of 1.4312-30. This may well hold for a while. However, it should imply eventual breach for 1.4225-50 and 1.4153-74 at least.
Medium Term Bearish
3rd February: The bounce from 1.4050 now implies this as a critical support. Breach would likely generate losses all the way back to 1.3847.
