14:30 GMT - Profit-taking from 91.50 has reached congestion around 91.00, where oversold intraday studies are prompting short-term reactions.
Daily stochastics and the Tension Indicator continue to track lower, however, highlighting a deterioration in sentiment and scope for further slippage towards 90.50. Rising weekly charts should limit any immediate tests in fresh buying interest.
A close beneath here, however, would confirm a deeper correction of the Jan-Feb rally and open up 90.00.
Meanwhile, resistance remains at 91.50. A later close above here will turn sentiment outright Positive and extend gains towards the 91.98/00 area.
Daily stochastics and the Tension Indicator continue to track lower, however, highlighting a deterioration in sentiment and scope for further slippage towards 90.50. Rising weekly charts should limit any immediate tests in fresh buying interest.
A close beneath here, however, would confirm a deeper correction of the Jan-Feb rally and open up 90.00.
Meanwhile, resistance remains at 91.50. A later close above here will turn sentiment outright Positive and extend gains towards the 91.98/00 area.
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