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 1.3048 confirms a short term upturn that will run trade to 1.3176. Any corrective dips should continue to find basing support at 1.2962 on down to yesterday’s low. A penetration under 1.2920  is needed to release selloffs to 1.2860.

R2          1.3048
R1          1.3006

 
S1          1.2962
S2          1.2920