Spot Price: 1.9709
Technical Analysis:
Daily downtrend came closer to the falling channel bottom at 1.9665 today, rebounding from 1.9680. Oversold daily studies make us willing to consider countertrend buys on a bounce from the channel btm or the 50% Fibo at 1.9660, but selling rallies is favored until a clear-cut bottom has been built. 1.9775 hourly tops are a good sell spot.