The pair has been floating since the opening of trading this week around the lower border of the side trend area shown on the chart at 0.7075 – 70 … It is best to stay neutral until the pair is out of the mentioned area to confirm its direction.
A break of support at 0.7075 with four-hour closing might push the pair to the 61.8% Fibonacci level at 0.6960 as the first target, and the breach could extend from the downside to the 0.6840 support as the second target.
The rise and break through 0.7190 – 0.7200 might push the pair to target the resistance at 0.7290 as the first target and then resistance 0.7385 as the second target
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