Main Scenario: Overall expectation above 0.9854 level POSITIVE!
Target Expectation: 0,9891 – 0,9916 – 0,9938
Considerations Supporting Scenario: It crossed the upper part of the downtrend upward and gave an important signal for trend change. In addition, the relevant change was supported by succeeding to stay above 34 exponential moving average (0.9868).
Alternative Scenario: With the 0.9854 level downward break, NEGATIVE!
Alternative Target Expectation: 0,9835 – 0,9816 – 0,9790
Critical News of the Day: Speech by FOMC member Williams and Philly Fed Manufacturing Index data from USA.