Spot Price: 1.9810
Technical Analysis:
Long trade loses altitude after the failed breakout (1.9900 new high) beyond the May 23 high at 1.9895 triggered heavy selling. Stop is below the 10-day MA near 1.9795. 50% of the 1.9680 to 1.9900 rebound at 1.9790 is helping to protect the stop. Dailies are midrange and flattening out now with an Inverted Hammer on the daily candles. Hourlies are oversold now.