Spot Price: 1.2016
Technical Analysis:

Short is improving after nearly being stopped out when prices breached 1.2060 resistance, the 200-hr MA & a minor 50% Fibo. Hourlies have fallen from mildly o/b readings to o/s ones. Dailies are a shade bearish but need to close below the MLR at 1.2015 to gain bearish momentum. We will cover another bounce from there. Stop lowered again.