In line with yesterday's bullish
call, the rally from last week's low extended. But, as expected, this bounce lacked the momentum to break through, on a closing basis, a Marabuzo line from March 20th or the 13 day mvg avg
. Minor net gains were still posted but it is the upside rejection that we look to begin a renewal of the selling pressure that has marked the last 3 weeks. So this morning’s call is a Sell at .8748 but leaving room to also Sell at .8769, Asia’s high. The risk is yesterday's .8799 peak with downside objectives at .8731, .8716, Monday’s low, and .8698.