Spot Price: 1.2307
Technical Analysis:
Prices finally cleared the 38.2% of 1.2570/1.1995 at 1.2285; a resistance that had held on Apr 9 and on May 17 and 18. Prices probed the top of an ascending daily channel with the intraday high at 1.2330 before retreating due to overbought hourlies as well.