The pair dropped and is trading below 0.7500 strengthening our previously suggested negative expectations. Stabilizing below the referred to level is negative and support the downside move targeting 0.7370 and 0.7300, while breaching 0.7565 threatens to fail the suggested expectations.
The pair failed to stabilize above 134.15 for long, and is trading negatively between the pivotal levels represented in the referred to resistance, and the support 132.40, and breaching one of them determines the next move. Breaking the support pushes the pair towards 129.90, while breaching the resistance pushes the pair back to the upside targeting 137.80.
The pair is still limited between the significant support 176.25 and resistance 178.85 keeping our neutral stance valid till now, as we wait to breach one of the mentioned levels to determine the next move. Breaking the support pushes the pair towards 173.10, while breaching the resistance achieves gains that mainly starts at 181.40.
The pair dropped and failed to breach 118.00 earlier, confirming our suggested negative expectations. Breaking 116.90 and holding below it favors extending the downside move targeting 116.40 and 116.00 and 115.45. Trading below 117.65 is negative, while breaching 118.00 threatens to fail the suggested expectations.