Quite a bullish short-term outlook here with the sharp spike higher putting bulls in control for now. Resistance levels around .9910/25 didn’t provide any brake to the momentum and I would expect these levels to now provide initial support. The big resistance level to watch will be around 1.0235, where the 61.8% and trendline will soon converge, and medium term bears will be licking their chops at the prospect of setting shorts at that level.
