Spot Price: 1.2032
Technical Analysis:
Yet another downside headfake seen today with new trend lows quickly being reversed. So far, Mon"s 1.2040 high has contained the rebound. Lack of a payoff on new trend lows is a potentially bullish sign, particularly with the daily ADX the highest it"s been since May of 06. Need a breakout beyond 1.2090 to confirm a broader rebound.

Tha market strategy is : Buy at 1.1975