It’s the lowest since late January. The path here looks lower. This also completes a trade Gerry mentioned earlier. The 38.2% retracement of the Dec-Feb rally is at 1.0468 but given the headfake in early December and the breach of the highs in early March, the fibonacci levels aren’t particularly clear. The measured target of the double top comes in around 1.0350.
Bids are seen at 1.0480/75.
