Upward bias on 2HR
time frame as price direction continues to strengthen along upward sloping trend line
, connecting yesterday's trough with today's. Watch for upward breach of next sloping trend line
, intermediary, along 1.0920, taking pricing into upward area of 1,0979. Reversal seen taking out long stops at 1.0880 & deeper at 1.0860 & house cleaning all the way down towards 1.0826 before carrying through of upward direction. Non linear action
by algorithms take out weak positions before start of rally at every cycle.