If short, R may be 0980. Plus 0990, 93, 1.1010 is still there. Closing today below 0980 may help it drop more. Center range is about 125 pips below 1.1. Last week's low area. Everyone will say its bullish, it is above the day 200. But it's also going to need to pass this 1.1 area. It has not. This area can push pa back close to the day 200. Last week it did about 1/2 way. ATM pa has not beaten last weeks high. 1.1010 is a weekly number, 0993 is a quarter number. The day 200 is a smaller number indicating the day 200 trend will fight the larger R. It dont show it wins until its won.
those who can, do. those who cant, talk about those who can