According to the technical analysts ICN.com, "Stability below 1.0200 keeps the negative outlook intact and the indicators of a linear regression are negative. Similarly, there are signs of oversold areas and no reversal signals – as such we hold onto our bearish weekly expectations.”
The cross is trading around 1.0162, advancing +0.02% currently. The next short-term resistance of 1.0200, 1.0290 and finally 1.0310. On the flip side, the pair find support levels at 1.0120, 1.0045, then 1.0000.