Yesterday’s drop leaves a failed test around the 1.3402  resistance and signals a return to short term bear trending action. Trade is poised for selloffs and close under 1.3211 implies a bear wave to 1.3117. Any corrective congestion in the lower half of yesterday’s downturn should bear flag a setup for selloffs. A close over  1.3437  (SAR)  is needed to reject yesterday’s downturn.

R2          1.3344
R1          1.3302

 
S1          1.3258
S2          1.3216