Yesterday’s outside bull day stops bear forces and alerts for a potential short term reversing turnaround. Trade is positioned for rallies. A close over 1.1775 confirms a short term upturn that will run trade to 1.1830. Any corrective dips should continue to find basing support at 1.1701 on down to yesterday’s low. A penetration under 1.1680  is needed to release selloffs to 1.1602.

R2          1.1775
R1          1.1750

 
S1          1.1701
S2          1.1680