Rejection at the sliding trend line resistance followed by a sell-off on the weak US payrolls data suggests the sell-off from the recent high of 114.36 has resumed.
However, bears are still advised to wait for a daily close below 200-DMA before hitting the pair with fresh offers.
the 200-DMA (sloping upwards) is seen at 110.14.
However, bears are still advised to wait for a daily close below 200-DMA before hitting the pair with fresh offers.
the 200-DMA (sloping upwards) is seen at 110.14.