Spot Price: 1.3305
Technical Analysis:
Short trade"s 1.3325 stop is surviving today by a pip so far. Hourlies are trying to rise from mid-range, so stop-out risk persists. Daily studies are showing oversold signs of bottoming, so we will try to work out of the trade. However, if prices hold below 1.3325 and resume their fall, a 1.618 Fibo on the dailies would put 1.3180 loosely back into play.