The pair continues the upside rally towards the 85.50 resistance. However, daily studies are overbought, suggesting that a bearish reversal could take place from current levels, with a break back below 82.00 to open a new downside extension towards the 80.00 sup
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The pair did not manage to hold above the 1.5680-1.5700 support-turned-resistance area, right where the 50-Day SMA and the 100-Day SMA reside, so we still look for additional declines towards the 1.5500 support. A break below 1.5500 would aim the pair for te
The pair reached 1.3000. A clear break and consolidation below this level would confirm the bearish bias and accelerate declines ahead of the 1.2625 low. However, should the pair hold above 1.3000, we could see a new surge above the 50-Day SMA towards the 10
The pair continues the upside rally towards the 85.50 resistance. However, daily studies are overbought, suggesting that a bearish reversal could take place from current levels, with a break back below 82.00 to open a new downside extension towards the 80.00
