The short term trend remains down, but trade is fighting to hold and rebounded off the 1.1818 target. Market action alerts for a potential bottoming turn. We may see dips around 1.1818, but a close under 1.1800 is needed to renew bear pressures. A close over 1.1880 alerts for a short term bottoming turn.

R2         1.1900
R1         1.1880

S1         1.1840
S2         1.1818