• This pair is still definitely still in a bull trend.
  • There are big risk events looming such as the G20, souring sentiment in equities/commodities, and Softbank/Sprint.
  • Short-term charts look reasonably stable so no need just yet to doubt the dominant bull trend.
  • Nevertheless, the daily chart shows that pull-backs towards 94.00 are still quite possible.
  • I’m suggesting 97.25/98.75 as short-term parameters with a buy-dip bias for now.