Yesterday’s drop leaves a failed test up around the 1.1121 resistance and the weak close near the low signal a turn back to short term bear trending action. Trade is poised for selloffs and close under 1.0940 implies a bear wave back to 1.0805. Any corrective congestion in the lower half of yesterday’s downturn should bear flag a setup for selloffs. A close over 1.1121 is needed to reject yesterday’s downturn.
Resistance 2 1.1024
Resistance 1 1.1004
Support 1 1.0961
Support 2 1.0940
Resistance 2 1.1024
Resistance 1 1.1004
Support 1 1.0961
Support 2 1.0940
