Support – 124.67, 124.20, 123.25
- Pair’s closing above hurdle on Friday provides more power to the bulls, however, risk-off in equities has pushed it back to 125.06 (100-DMA) levels.
- Still, a rebound from 125.06 could be anticipated and if followed by a break above 125.53 could yield 126.16 levels.
- On the other hand, hourly closing below 124.96 could shift risk in favor of a drop to 124. 44 (5-DMA).