All bullish attempts have been limited below 1227.00-1228.00, which may bring the bearishness back into focus.

RSI trades below 50.00, while ADX shows decrease in bearish momentum, but we may witness a new attempt to reach the psychological level of 1200.00.

A break below 38.2% Fibonacci at 1192.00 will accelerate and a break above 1228.00 will cause failure.

Support: 1210.00 – 1203.00 – 1192.00

Resistance: 1220.00 – 1235.00 – 1242.00

Direction: Bearish

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