Spot Price: 1.2040
Technical Analysis:
Short in play. Prices today broke the prior 3 days" lows near 1.2020 & posted lower daily highs for a 4th straight session. The 21-day MLR was breached near 1.2020 as well, but prices close above there. A weak close is need for a retest of the 1.1960 trend lows and perhaps new lows for the year. Stop is above today"s 1.2100 high. Previous o/s dailies now midrange