Price action has posted a Outside Day and is negative for short-term sentiment. This is negative for sentiment and the downtrend has potential to return. The overnight rally has been sold into and there is scope for further pressure going into this morning. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. Further downside is expected, however, due to the strong support below we prefer to sell a break of 2.2800, which will confirm the sentiment.
Our profit targets will be 2.2500 and 2.2250
Resistance: 2.3200 / 2.3800 / 2.4000
Support: 2.2850 / 2.2500 / 2.2250