Last Friday’s surge higher still signals a head and shoulders bottoming upturn and targets a drive around 1.3221. Current minor setbacks may extend into the first days of this week, but suspect a bounce off the low 1.3093. A close over 1.3221 will extend rallies around 1.3300. Only a close under 1.3019 (SAR) rejects the upturn.

R2          1.3221
R1          1.3179

 
S1          1.3135
S2          1.3093