The bearish trendline from .98 through .9480 comes in around .8835 and just below there at .8815 is the 38.2% retracement of the .9480/.8400 fall. This level should provide excellent resistance and if it holds it might well be a trigger for longer term bears to enter the market. If on the other hand the trend line breaks, this opens up the possibility that the 3-wave move from .98 to .84 was in fact a completed retracement and that the bull move is back on again. As always with technical analysis, hindsight will tell us everything. Short term support is now at the prior .8725 resistance.
