Commentary: We still favor a drop to the long term channel support that we focused on last week. Also, a measured objective is at 2.0024 (100% extension of 2.1160-2.0353/2.0831). The rally from 2.0180 is fast approaching potential resistance from the 1.8% of 2.0678-2.0180 at 2.0488 and the 11/23 low at 2.0518. Look for a top and reversal in this vicinity.
Strategy: Get bearish near 2.0500, against 2.0678, target below 2.0180