The charts are telling us what we already know, that there is a big buyer under .88 (Middle East) and a big seller above .90 (through Deutsche Bank). The 100-day MA proved to be excellent support, once breached on the topside, and should now prove to be a good resistance level as we are back below it. I would expect a more serious test of the 200-day MA support once the consolidation phase is over and leg 3 of the bear move starts. Selling rallies remains my preferred strategy here.