The pair has edged lower after rejection at 82.01 and is currently trading around 81.52 levels.
Techs on hourly charts biased lower:
- 5-DMA crossover on 10-DMA
- Stochs and rolledover from overbought territory, point south
- histogram below zero with line crossover on signal line
Supports on the downside located at 81.15 (session lows Feb 15th), 81.00 (session lows Feb 18th), 80.46 (session lows Feb 16th).
Good to sell rallies around 81.60, SL: 82.10, TP: 81.15/ 81/80.50
We see scope for long trade now. Wait for next update.