Slightly higher on the day and looking a little perkier .

I have a clearer line in the sand on my chart since the swing lower over the past couple of days.We now have a cluster of fibs above at the 113.54 -60 area (yellow band). This marks the 50% of the Nov high-lows and also the larger 38.2% swing of the Oct low – Nov high. This is the area I want to see retaken if the dollar manages to shake off some of that risk. I’m fairly neutral at this time and happy to play both sides in intraday trading until things become clearer .



Horatio Dubsly

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