The pair’s movements are limited within the range between the SMA 100 and the 0.9980 support … it is preferable to remain neutral until the price is way out from the area specified on the chart to confirm its direction … Going back to the highest 1.0060 might be sufficient to confirm the possibility of resuming the upside move to be next target at the last November high Around 1.0125 which breached a daily closing might push the price to target at least 1.0225 resistance.
A drop of 0.9980 and a four hour close might push the price to test support at 0.9910 as the first target and then 0.9840 as the second target.
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