The pair has reached our technical target defined last week at 0.9915 where it met 23.6% Fibonacci to start some kind of consolidation.
Stability below moving averages and below 38.2% Fibonacci should provide bearish pressures; however, we will be patient until the pair clears the afore-mentioned support to follow through.
All eyes should be also on 0.9993 where 38.2% Fibonacci exists, as breaching it may bring further upside correction.