Last week’s drop off signals a short term turn back to the prevailing bear trend of previous months and should continue to foster an attack under the 0.9047 swing low. A close under 0.9047  projects a larger bear wave to 0.9010. Trade needs a close over  0.9173 to renew a bottoming formation.

R2           0.9133
R1           0.9108

  
S1           0.9072
S2           0.9047