Risks still higher to key 1.1092/93

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Updated: 19 November 2019

A firm advance on Monday, to build on Friday’s bounce from 1.0988 above 1.1043 and 1.1055 resistances, to ease negative forces from the November selloff (to prod below key 1.0989 support), to keep risks back higher for Tuesday.

  • We see an upside bias to key 1.1092/93; break here aims for 1.1117 and 1.1140.
  • But below 1.1053/52 quickly opens risk down to 1.1030, maybe towards 1.1013.