After bouncing from the 200MA we are starting to run out of steam. Here I am expecting a return back towards the 49.89 and 41.20 lows over the coming weeks.
The ECB confirmed the global slowdown is real, the risk approval has gone. We are set for lower prices via the demand side. On the technical side A break of the 200 & 50 MA's will open up the downside with the 61.8% still due for a test.
Best of luck those positioning for the coming quarters.