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$BEAT

Short term bearish while trading below EMA200. Buyers need to reclaim 1.1840 to regain momentum.

Resistance:

* 1.1840 (EMA200)

* 1.2275

* 1.3044

Support:

* 1.1406

* 1.1071

Bullish case:

A quick recovery above 1.1840 and acceptance above the EMA could trigger a move toward 1.22–1.23.

Bearish case:

Failure to reclaim the EMA and a break below 1.1406 would increase the probability of a retest of 1.1071

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