Sideways activity for nearly a week after the rebound stalled ahead of modest resistance at 1.1515/20 and we see negative pressures whilst below the trend line from late 2014 (at 1.1425) for a roll back lower into early February.
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A minor Friday downside probe after the midweek plunge to a new setback low, down from the trend line from mid-January and chart barriers at .7525/30,
The push below our next key target, .7371, the 2011 cycle low has confirmed a multi-year Double Top pattern and also below the 38.2% retrace of the entire 2009-11 rally at .7335 for a still more bearish theme to leave risk to further key long term supports.