Mentioned yesterday that at the open on Tuesday afternoon some folks sold out of positions on added to positions on the open that sent the price to $1.674 before buyers showed up. From there prices reversed again during the day, shoeing gains. Truly confused, as to the directional bias its anyone’s guess. Middle of the recent rage, radical daily trade and no established bias, hang tough. Today we get some fundamental data that may indicate some bias but in this market — play the patient range.
Major Support: $1.611-$1.59, $1.555-$1.519 Minor Support: $1.705-$1.649 Major Resistance: $1.90, $1.974, $2.019- $2.029 Minor Resistance: $1.864-$1.896
