© Dukascopy Bank SA
As assumed by four-hour technical indicators, the pair is likely to breach this important support line and decline further. The idea is getting support from 67% of traders, who are holding short positions on the pair. In this case the medium-term target will be located at 0.9350 (weekly and monthly S2). Otherwise, it will rebound to reach the monthly S1 in the next few days.
© Dukascopy Bank SA