Short in play afer a clear break below the Jan 2010 low at 1.0130 and 1.0100. This exposes .9910 (2009 low, posted November 26) for an eventual retest. Hourly Bolli are tight here and show scope for downside acceleration. Daily Bolli diffs expansion supports downtrend as well. Stop above today's high.
he mkt. has dropped sharply in the last hour to reach a new reaction low at 1.0066 so far. We can see some sup. at 1.0040 but the main target now is the trendline at 1.0023. The mkt. should attempt to bottom out there