Monday’s bounce was capped at the falling 10 day ma at
.9303. Bearish momentum remains strong but it is not oversold yet. The next
support levels are .9205, .9190 and .9165/.9155 (50/200 day MAs).
.9315 should cap near term.
Trade idea:
Sell: around .9260/.9280
Stop above .9315
Target at .9200/.9140
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