Recent lows near 1.0235 have attracted plenty of buyers and those bids are holding steady thus far. Dealers will be aiming at triggering supposedly sizeable stops just below here and the fight may not be over just yet.
From a technical perspective, a clean break below 1.0230 opens the way up for a test of daily lows at 1.0140 and a 61.8% retracement level at 1.0120 (.9660/1.0860)
