Support – 1.4436, 1. 44 , 1.4360
- Pair’s failure to take out larger falling resistance on Wednesday followed by a negative closing yesterday despite absence of fresh Brexit polls and a better-than-expected UK manufacturing and trade deficit data indicates the pair in on track to test daily 50-MA level of 1.4436 and 1. 44 levels.
- However, bears should watch for a rebound from/recovery back above daily 50-MA of 1.4436 followed by a break above 1.4466 (daily high) as such a move would shift risk in favor of a rise to 1.4514 levels.