The knee jerk busted it down to 0.8986 but we’ve since recovered to 0.9040 as the market makes up it’s mind on the numbers. How it moves from here will be very important. If it jumps on the taper bus then we could be sub 0.90 very quickly. If it reads the situation as an improving US is good for the global picture then we could have cause to put in a bottom. As always let the prices do the talking.
We have the 100 mma at 0.8926 which is the first big technical level until we hit the August lows.
