Current Price: 102.67
Big stops rumored to be under the 101.50 area were a no-show overnight suggesting that the stops for size might be under the 101.00 area, large names on the bid traders say supported off the lows for a reversal into the highs. Offers said to be thick around the 103.00 area with stops higher suggesting the upside may be slow-going. A long selling wick is needed today and a close back under the 102.20 area better for the bears. Bulls need a break above 103.00 to keep momentum.
Analysis by: Forexpros.com written by Jason Alan Jankovsky
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