The nearest support is found at 1.0970. Until bulls hold 1.0990, the pair is likely to re-test 1.1120, 1.1135, and 1.1170 during the day. It can extend towards 1.1280 later. In case bulls manage to close above 1.1150 today, they will make 1.1200 and 1.1280 next days. The selling pressure is observed below 1.0970 towards 1.0900 and 1.0850. Today’s trade favors buying. Safe buying is available above 1.1170.

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk