Spot Price: 1.2035
Technical Analysis:
Huge slide from mid-Jun high at 1.2470 to Wed"s 1.1995 retest of this year"s low is being consolidated. Prices marginally popped back above the uptrend line taken from the Dec 04 lows, now at 1.2060, that was broken yesterday but a daily close above there is needed to reduce the risk of a broader breakdown below 1.1995. Sell rallies