Another failure to close below the 200DMA, today at 1.1940

Friday's hammer type candle set up a bullish Monday open

The last bounce, Feb. 7, away from the 200DMA saw a 2.6% gain to 1.2269

Subsequent pullback to 1.1915 gives a 50% retrace level at 1.2092

Daily cloud top just above at 1.2105

The 100DMA provides support just below the 20 day line at 1.1911

We look to further gains but progress could be limited by the cloud top

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