Previous view: Support zone was broken downward, confirming the bearish trend after 3 attempts. We were likely to test the low of the year @0.97200.
Actual view: We tested the low of the year and odds of a bear continuation remain high.
Possible targets:@0.96500 (+60pips) and @0.95500 (+170pips).
Advice: Stay bearish and sell at any highpoint while we don't break the support zone or 0.98000 top level.
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The contract bounced back from this year's low, increasing the chances of a reversal. You can stay steady or still sell at high points until a reversal confirmation.
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The reversal couldn't be confirmed due to a rejection on the 0.98000 level. Bears keep pushing prices down.