As comment on last update, pair was unable to overcome the 1.3545 resistance area, and is back under pressure. Limited by Euro weakness, and looking at general state of markets, chances remain for a break lower, with 1.3480/85 as key support area to overcome to confirm such continuation; hourly charts show pair already complete corrective movement due to oversold conditions, with momentum capped by its 100 line. Testing the session lows, and acceleration trough that area, should signal a new leg down for today, targeting 1.3440 are first, and 1.3410 later.
Only a recovery above mentioned 1.3545 could change intraday trend, with a possible upside target in the 1.3580/1.3600 area.
Only a recovery above mentioned 1.3545 could change intraday trend, with a possible upside target in the 1.3580/1.3600 area.
