Good morning everyone.
Looks like we may have a short term bottom in place down at 0.9590/95 after the pair bottomed out for the second time.
We’re just nudging up to the underside of the broken long term trend line from Oct 2008 which is right here at 0.9678.
Strong resistance is seen first at 0.9686/94 ahead of more at 0.9709, the 55 H4ma at 0.9740 then resistance at 0.9795.
To the downside support is at the current low of 0.9595 then 0.9586.
I’m still looking to sell rallies but my entry points are going to be close to 0.9800 to start.