Short-term gains are eating into the longer-term, underlying bull trend

Had seen upside potential away from a developing trend supp. Line

Four bounces off the line, today at 1.0515

The trend line taken off the 1.0448 Oct. 3 low

Bulls can target the recent 1.0640 high and 23.6% Fibo just above at 1.0643

The Fibo level taken off the 1.1276-1.0448 Jul. 18-Oct. 3 drop

Fourteen day momentum just positive and daily RSI climbing

We stand aside for now but might look at a buy on dips strategy

For more click on FXBUZ