Spot Price: 1.2250
Technical Analysis:
The pair faile to break the MA line.
The MACD is heading for a bearish cross
Long taken O/N on the bounce from the 20-day MA near 1.2235. Prices have since brushed back up toward the recently pivotal 10-day MA line, now at 1.2275. We have tightend the stop to below the 1.2235 lows because of that failure into the 10-day MA and because daily studies are pointed lower for the most part and not close to o/s yet. Flat another run at 1.2275 if able