Spot Price: 1.2250
Technical Analysis:
Late short entry on today"s break below the 10-day MA line support at 1.2275; a line that had supported prices the previous 3 of 4 sessions. Now sitting through an o/s hourly rebound, but heavy damage was done to the prior daily uptrend, as the TL from the Apr 27 low, today at 1.2230, was broken. Dailies are beginning to roll over. Stop threatened into the close.