Despite the bearish divergence on the daily chart followed by a breakdown of 100-DMA support on Monday, the potential for a sudden rebound is high given the cross is founding support at 140.16 (38.2% fib of 126.735-148.459) amid the rising 50-DMA.
A rebound from 140.16 followed by a break above 141.284 (session high) would open doors for a rebound to 143.33 (23.6% fib).
A rebound from 140.16 followed by a break above 141.284 (session high) would open doors for a rebound to 143.33 (23.6% fib).