A rejection for now of a shift to a broader range theme with the rebound from ahead of support at 1.5087.
This points to a more positive recovery tone for Wednesday and potentially on into early June.
We see an upside bias for 1.5386; break here aims through 1.5416 for 1.5437.
But below 1.5309 opens risk down to 1.5276, maybe 1.5215.
Short/ Intermediate-term Outlook - Upside Risks:
Whilst above 1.5087, we see a positive tone with the bullish threat back to 1.5700 and through 1.5826.
Above here targets 1.5879, 1.6000 and 1.6182/88 into May.
What Changes This? Below 1.5087 signals a neutral tone, only shifting negative below 1.4854.
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