[B]Bias:[/B] Overall bearish but should see a pullback from 80.85-93 before losses to 80.28-40
The break of 82.63-83 and then 82.00 has confirmed losses. There is immediate support at 80.85-93 that I feel has potential for a correction to 81.57 but then look for further losses to reach the 80.28-40 area. This should generate a correction to 81.57-77 again.
Only directly above 81.80 would allow a deeper correction above 82.05 and to the 82.28 and possibly 82.52-72 areas. Below 80.23 would trigger a direct test of the 79.70 historic low. Below there note support at 79.22.
Please view the complete analysis in the attached PDF file.
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