Spot Price: 1.2275
Technical Analysis:
Daily downtrend has gotten a bit ahead of itself, nearly reaching the 1% MA env base today at 1.2255 before retracing 21.4% of the 1.2470 to 1.2260 slide this morning at 1.2305. We have exited the o/n long for a tiny loss. Hourlies have fallen to below midrange since. Tempted to go short but pay-off might be ltd by the 100-d MA and Jun 8 low at 1.2235.