As expected yesterday; The short term trend bias is down with the pattern still hinting for a drop along 1.1764, testing previous swing lows. Sustained action under 1.1764 could fuel selloffs. Trade should find resistance against 1.1843 to maintain pressing bear forces.
As for today, The trend is down, driving selloffs into previous short term support levels at 1.1731 - 1.1681. Trade is positioned to extend selloffs, next few days. Our SAR for today 1.1887.