Momentum studies are , confirming further downside in the pair.
Immediate support is seen at 125, breaks below will take the pair to next supports at 124.67 (Mar 22nd lows) and then 124.41 (61.8% Fib retrace of 112.058 to 128.221 rise).
Cloud base at 125.89 is strong resistance on the topside ahead of 125.96 (Feb 19th highs).
Good to sell rallies around 125.40, SL: 125.90, TP: 125/124.70/124.40
Downside seems to be pausing at 61.8% Fib. Momentum still with the bears.
Break below 124.25 (Mar 7th lows) will accentuate downside.
Scope then for test of 78.6% Fib at 123.37.
Book partial profits, lower stops to 125, target 124.25/124/123.85