The rejected secondary rally last two days and drop off into 1.2330 reinforces the island topping turnover. A close under 1.2310 is bearish and should foster selloffs along 1.2250 and a penetration under 1.2230, open up a selling wave towards 1.2155. A close over 1.2500 stops the short term downturn, but a close over the 1.2560 island gap is needed for a fresh bull trending advance.
Resistance 2 1.2401
Resistance 1 1.2359
Support 1 1.2315
Support 2 1.2270
Resistance 2 1.2401
Resistance 1 1.2359
Support 1 1.2315
Support 2 1.2270
