Spot Price: 1.2160
Technical Analysis:
Price fell too far too fast to begin the week and could not muster a clean breakdown below the 78.6% Fibo support near 1.2095 Monday or today, which triggered the current rebound. The falling 1% MA env base at 1.2150 is now a point where the oversold downtrend can consolidate around. Some risk of a broader bounce if 1.2090-95 lows hold this week. The market strategy is Sell at 1.2200