Jos shut her desk at the NY close & is on a vacation day today (Fri) Steve.
Tokyo desks have held the bid at her secondary support (158.50) in light Friday traffic. This area holds the higher low pattern on this pair (check your hourlies), confirming the 161.50 barrier as key for Euro Bull progression.
Note the lower high clip off that level? The breach thru 160.0 gives the nod that the supply still holds the ace card & that level requires strong work by Euro Bulls to negate the downside back to circa156.50 & stronger potential demand at 155.0
You can play the secondary support-resistance barriers below 160.0 via the intradays by simply observing your favored triggers off the back of the peak-trough patterns (lower lows & highs....higher lows & highs etc).
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