November 30, 2009
Current level - 85.92
The overall downtrend has been renewed with the recent break below 87.12. Trading is situated below the 50- and 200-day SMA, currently projected at 94.86 and 94.84.
The pair is testing 87.12 resistance and we expect that test to fail and the downtrend to be renewed towards 83.45, en route to 81.63. Intraday bias is negative, while the pair holds below 86.50 resistance.