[B]Bias: [/B]The underlying direction is higher but there does seem to be a risk of a pullback first
The peak at 91.30 this morning is interesting and does seem to point to the risk of a correction to the rally from the 87.12 low. There is support at 90.48-70 and if this breaks then expect the downside to prove to be the more vulnerable. Minor support lies around 90.15-15 and a corrective low at 89.75. Breach should maintain the downward momentum for 89.21 and 88.51-59.
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