Contrary to yesterday's forecast, Monday’s failure at the 13 day line proved more important than the day’s downside rejection. So, trading Tuesday was dominated by a setback from that average – although the resulting downside was also limited, by Thursday’s Marabuzo line. But although this does add a note of caution our studies are assessed as bearish.
We look to Sell in the 1.3220/25 area and also at 1.3245
The stop is 1.3280 bid.
Targets 1.3193, 1.3172 and 1.3136
Closes 4pm GMT