The market is trying to work into a bottoming turn. Trade is positioned to push higher and attack last week’s 1.0938 high. A surge over the previous Monday’s high should spark a retracement move to 1.0988. Yesterday’s spike lower with the weak close inject near term defensive pressures, but a close under 1.0801 is the trigger to return trade to bear trending selloffs.
Resistance 2 1.0870
Resistance 1 1.0850
Support 1 1.0801
Support 2 1.0780
Resistance 2 1.0870
Resistance 1 1.0850
Support 1 1.0801
Support 2 1.0780
