Spot Price: 1.9695
Technical Analysis:
We booked a modest profit on the short trade after oversold hourlies took prices off the 1.9658 lows of the day, which was an exact test of the Ichimoku Cloud bottom, and eroded the short trade"s profits. Hourlies are back up at mid-range but still pointed up. Dailies remain bearish overall, so look to sell at better levels or below the cloud.