Having closed lower on a rejection candle following a loss of upside momentum the past week, it faces downside pressure in the days ahead. nearly support comes in at the 0.8896 point where a violation will target the 0.8850 point.
again down, support lies at the 0.8800 point and then the 0.8742 point. A cut through here will set the stage for a run at the 0.8700 point. Conversely, resistance resides at the 0.8986 point where a break will retarget the 0.9050 point. A breather may occur here and turn the pair lower but if broken it will aim at the 0.9100 point. A close above here will pave the way for a run at the 0.9150 point.now, the pair remains biased to the downside in the short term.
again down, support lies at the 0.8800 point and then the 0.8742 point. A cut through here will set the stage for a run at the 0.8700 point. Conversely, resistance resides at the 0.8986 point where a break will retarget the 0.9050 point. A breather may occur here and turn the pair lower but if broken it will aim at the 0.9100 point. A close above here will pave the way for a run at the 0.9150 point.now, the pair remains biased to the downside in the short term.
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