Spot Price: 1.9845
Technical Analysis:
Prices have stalled for the third day around 1.9830 and we set fresh longs for a move back towards the May 19th high and psychological 2.0000 level, backed by highly oversold hourly studies and mixed, but net positive daily studies. Initial resistance comes in at 1.9895 and our strategy is to flat on a failure, or tighten the stop on a break.