Update Time: 26 Nov 2015 08:09 GMT
Despite yesterday's cross-inspired resumption of erratic decline from last Wed's 12-week peak at 123.77 to 122.26 in Europe, subsequent rally back to 122.94 in New York after upbeat U.S. durable good data suggests aforesaid fall has 'possibly' ended and consolidation with upside bias is in store today.
Above 122.94/96 res would encourage for gain twd 123.26 but 123.77 should remain intact this week. Only below 122.26 would risk stronger retracement twd 122.01 before prospect of a rebound due to loss of downward momentum.
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