Spot Price: 1.2045
Technical Analysis:
Long taken as initial Fibo and intraday resistance in the 1.2045-50 area was breached with rising bullish momentum. Daily freefall was caught today by the 2007 low from April at 1.1995 and the Bolli band there. Retracement resistance is at 1.2085 and 1.2140. 1.2085 was also intraday resistance Tues and the first key hurdle for the trade. Tight stop below 1.2030