Current Price: 101.76
Pair retraces buying pressure from yesterday completely negating upside potential, two-bar continuation pattern likely means further declines; no chance of a rally without a change in sentiment or a surprise in my view. Bulls completely demoralized I think and they will likely not be looking to buy without a strong reversal pattern. Stops under the ten-year lows likely to be moved up to the 101.50 area as a break looks inevitable. No bottom in sight and a test of the 100.00 level looks next.