Last Updated Date: 19 May 2022 @ 9:08 AM (UTC)
*Please note that all the dates are in GMT time zone
Last days’ downturn keeps the market pattern negative. The slide back through last Friday’s reversal low (1.2812) leaves trade positioned to attack under 1.2722. A close under 1.2722 projects to 1.2567. Any near term rebounds will hint resistance at 1.2880. A close over 1.2990 (SAR) is needed to recapture bottoming / bullish trade action.
