The pair has been in a down trend from 1.1029 levels. It has been on a down stream for the last 7 trading sessions. In yesterday's session, it took support exactly at the lower supporting trend line. Currently, it is facing strong resistance at 1.0790 (61.8 fib level). The daily Stochastics favors a pullback. The pair will get strong momentum above 1.0790 for 1.0830 and 1.0842 levels. On the down side, if the pair breaks the previous support at 1.0740, it can extend its red blanket up to 1.0687, and 1.0640 levels.
For an intraday purpose, the pair has support at 1.0768; below this, again it will become weak and look at another support at 1.0740 and 1.0725. The panic will be triggered below 1.0725 for 1.0687 and 1.0660 levels. On the north side, the resistance levels are at 1.0790-1.0795 and 1.0822 levels. Strong momentum above 1.0822 for 1.0833, and 1.0865 levels. The hourly RSI favors pullback from the oversold levels.
