Spot Price: 1.2415
Technical Analysis:
The MACD is after a bullish cross, the RSI points up for an increase on the buying .
Short trade"s stop above the Jun 18 and 19 highs and also the Moving Regression Line at 1.2430 is not out of danger yet as prices make another pass at that resistance this afternoon. Support is at prior intraday lows and the 50% retracement near 1.2390. Dailies remain bearishly biased as long as prices remain below 1.2430. Weak, midrange hourly buys now