Posted on March 9, 2015 by the XM Investment Research Desk at 7:43 am GMT
The next target to the upside is at 121.84 – the December 2014 peak and the highest in over 7 years. A break of this top will confirm the bullish trend and target the next peak of 124.12 from June 2007.
To the downside, support lies at 120.00 and 118.65. A move back below the daily cloud would weaken the bullish bias.