For now FXI is
consolidating just below the 43.20-43.75
zone mentioned in several post and until above 43.75 there is chance of a lower high formation before heading lower. Once/if above 43.75 I will negate my current bearish bias
but for now the first key lower target is at 41.45-40.90 zone and if breached downside should resume back to
retest 38s.
If above 43.75
before lower there will be potential to reach 45.05-45.55 zone.
Ethan Premock
Futures & Options Strategist
Hamzei Analytics, LLC
Hamzei Analytics, LLC