Spot Price: 1.3450
Technical Analysis:
The due fail to break the MA and turned on a bearish trend, the RSI is pointing down.
This morning"s 1.3475 high completed a 61.8% retrace of the 1.3520 to 1.3410 slide. With hourlies then having rebounded toward o/b, prices descended anew. The daily donwtrend has made scant progress since the May 21 dive as o/s studies and the falling channel bottom impeded progress. Trend remains down regardless unless we see a 1.3520+ close