The DOW JONES index maintained a bullish momentum yesterday. Printed support at the 15946 levels. This development leaves the pair targeting the 16198 levels where a breach is likely. If seen, the index will extend gains towards the 16390 levels, further out will aim the 16447 levels.
On the downside. A rejection from the 16198 levels could mean a return to the 15946 levels, a halt is suggested, but losing the 15946 levels on a daily closing basis will signal short term topping and reverse risks to the downside towards the 15734 levels, further losses will open the 15640 levels.
In all, as long as support 15946 holds on a daily closing basis, the DOW JONES index will remain biased on the upside towards the 16198/16390 levels, losing the 15946 will reverse risks to the downside towards the 15734 levels.