So far previous analysis still stands Passive buyers have done a good job defending $1.27 next hurdle remains $1.36-$1.41 if we can see buyers reclaim these levels and turn them into support we should see a nice recovery start to form with $1.57-$1.66 being the second major upside hurdles before turning our attention to $1.79 Case for concern would be if buyers cannot sustain momentum above $1.36 and turn $1.41 into support at any point in time a break below $1.27 would be worse case and would open the door for $1.16-$1.12
