TECHNICALS: The bears are still in overall control and there is no sign of any bottom formations on the short-term charts. Immediate support/resistance levels lie at .8870 and .8990 (see chart) and I’d expect prices to stay inside of these ranges today. Longer-term bulls should try building again on dips toward longer-term support levels around .8775. Trailing stops are likely to be building now above .9050.
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