The counter has made a strong move from the low of 0.80 handle to 0.93 handle in just 3 months. The move could be attributed to a 5-wave pattern and it is now in corrective mode. It has completed waves A and B is going to kickstart wave C. The resistance zone around 0.93 handle proves to be a tough nut for the pair despite trying to take it down thrice. It makes a price action imminent and hence, we expect the pair to be bearish in the short-term.