Extending choppy trade following bounce from the 94.7275, 1 June low

 Level Comment  Level Comment R4 97.1000   projection   S1 95.2100 * Mar high R3 96.9600 ** 20 May all-time high   S2 94.7275 ** 1 Jun low R2 96.0000 * figure   S3 94.0800 ** May low R1 95.8500 ** 3 Jun high   S4 93.4100 ** 15 Apr high    

Asterisk denotes strength of level

04:50 GMT – Extending choppy trade following bounce from the 94.7275, 1 June low. The resulting flag pattern suggest consolidation giving way to renewed selling pressure later to extend losses from the 96.9600 May all-time high to retrace gains from the April low to strong support at the 94.0800/94.0000 area. Lower still, will see room to 93.4100 support and the 93.0000 figure. Meanwhile, resistance at the 95.7925/95.8500 highs are expected to cap. Break needed to clear the way for extension to retest the 96.0000 figure and the 96.9600 all-time high.