The pair has declined and now has reached a support area, the price is trying to take out this obstacle to continue the downward movement. If the rate will close somewhere below 1.115 then the decline will continue with a first target at 1.1093 but the mayor target will be at the lower median line (LML) drawn with light blue, there can be found the support of the ascending trend.
By Olimpiu Tuns – Owner and Market Analyst at http://ovtbusiness.com/en/