Slow correcton lower continues
The high today went and tested the high in the Asia-Pacific session and held at the 114.18 level. Since then, the price has wandered lower and just sstalled at the 100 hour moving average at 113.31. The level also corresponds roughly with the swing high from November 25 in the swing high from November 29th. That is a support line. Sellers against the highs just bought the support at the 100 hour MA and old swing levels. Does that make sense? Yes.