This week’s signals remain oversold but still bearish, but in light volume sentiment traded sideways on Monday inside Friday’s range for a little changed close. Losses of 5 Big Figs since July’s .6792 top has left signals across all time frames much oversold and the potential for a profit taking bounce is increasing. In the absence of a buy signal though the outlook for Tuesday remains cautiously bearish and the call is to sell just modestly on the open and then at .6305, today’s high in Asia with a stop loss at .6331, Friday’s top. Targets are to .6260, .6236, the 2015 low and .6152/96, Jun & Jul 2009 low trades.
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