There was even a close below the 0.8600 support and the 50 hourly simple moving average. The pair traded as low as 0.8568 and it is currently correcting higher. On the upside, there are many hurdles near 0.8590 and 0.8600 on FXOpen UK.
There is also a major bearish trend line in place with resistance at 0.8592 on the hourly chart. If the pair fails to move above the 0.8590 and 0.8600 resistance levels, it is likely to resume its slide below 0.8570 in the near term.
The next key supports are near the 0.8560 and 0.8555 levels. Conversely, an upside break above
RISK WARNING: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money. Professional clients can lose more than they deposit. All trading involves risk.