Pair’s failure at 10-DMA 1.1039 followed by a fall back below falling trend line level and a subsequent drop to 1.0940 suggests the pair could breach 1.09368 (61.8% of 1.0517-1.1616) and extend losses to 1.0911 – 1.09 handle.
A daily close below 1.09 would provide more power to bulls.
On the higher side, only a breach of descending trend line would signal bearish invalidation.
A daily close below 1.09 would provide more power to bulls.
On the higher side, only a breach of descending trend line would signal bearish invalidation.
