The pair failed to reach levels lower than 1.3650 which is 40 pips away from our initial target where the pair rebounded to currently trade within a minor ascending channel with a key resistance at 1.3810. We expect the pair to fall from these levels to reach 1.3610 and then 1.3545 yet if it breaches the 1.3810 level, this will open the way for the pair to reach 1.3885 which is the 38.2% Fibonacci correction
The trading range for today is among the key support at 1.3545 and the key resistance at 1.4540
The general trend is to the downside as far as 1.5270 remains intact with targets at 1.3500 and 1.2960
Support 1.3735 1.3660 1.3610 1.3590 1.3545
Resistance 1.3810 1.3885 1.3915 1.3950 1.4000
