After an almost vertical fall, the hourly chart looks like it’s taking a breather and we could see a modest retracement back towards Friday’s highs and a 38.2% near .9245 (see chart). There is more short-term resistance ahead of there at .9185/00 and support levels start at yesterday’s lows near .9120. The downside technical target is a 76.4% retracement level at .9060.
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