The orders I mentioned yesterday proved prescient and the short-term ranges continue to hold. Corporate sellers capped rallies near 1.0300 but real money demand on dips is ensuring range trading.
More sell orders are seen near 1.0330 and we can expect to see stops directly above there, as there is a double-top on the hourly charts at that level.
Support should also be firm at 1.0180/1.0200 with stops likely to be building below 1.0150.
