
Bulls are eyeing break above $1.3000 -- 61.8% of $1.3300 to $1.2525
move as the fast 10-day momentum study continues to pick up steam and
now threatening break into positive territory. Risk is seen to the
21-day moving average, which is now valued at $1.3145. The 21-DMA
capped topside last rally on Oct 30 and another fade not ruled out.
Still $1.3200 38.2% of $1.4866 decline and October 30 high remains the
key resistance.