Spot Price: 2.0355
Technical Analysis:
The market has been in rally mode since bouncing off of the 78.6% fib retracment of the 06-24 June move by 2.0183. Tuesday"s rally high to 2.0380 had initially capped gains ahead of a minor bout of consolidation, but today"s latest surge back to the latter now threatens the overall bearish structure warning of a resumption of the broader uptrend