Spot Price: 2.0230
Technical Analysis:
The overall structure remains corrective off of the multi-year highs by 2.0655. A lower top has now formed by 2.0460 and only a break back above the latter now would be required to shift structure back to the up-side. Deeper setbacks seen ahead and we have established a fresh short trade in anticipation of a break below 2.0160 to open 2.0060.