Spot Price: 1.1965
Technical Analysis:
Prices rebounded from Monday"s spike and trend low of 1.1825 to beyond the prior trend low at 1.1960 from July 18, but have dipped before reaching the Aug 1 low and 61.8% Fibo are next at 1.1980 as o/b hourlies get unwound. May be in for some consolidation on the daily charts but within the context of the falling daily price channel.