Spot Price: 1.2105
Technical Analysis:
Latest short trade made a pass at the 78.6% of the 1.1995/1.2470 uptrend at 1.2097 but is holding the figure so far. Oversold readings abound but bearish momentum on the daily charts looks aimed at a full retracement to 1.1995 in time. Stop is generous to allow for interim remediation of o/s readings. We would cover another 1.2095-100 bounce though