Spot Price: 1.9790
Technical Analysis:
The MACD is after a bullish cross.
The RSI is pointing up.
The O/N retest and failure to break below Wed"s 1.9733 retracement lows set the stage for today"s rally past the 38.2% retracement of 1.9900/1.9733 at 1.9797 and then the pop past the 10-day to the 20-day MA at 1.9820. Hourly studies are slipping from shy of o/b and a failure to close above the 10-day would give the market a bearish slant.