Current Price: 2.0011
Rate falls back from resistance at the 50% fib defense area, close under the 100 bar MA argues for a near-term continuation of down trend. Look for the rate to open and stay weaker overnight and suffer intraday volatility around FOMC announcement and overseas data. Wait for the close before adjusting positions as I think the volatility will all be small day-traders; not big money accounts. Aggressive traders can add to open shorts and roll protective stops to B/E.