Price has now broken below strong support at 55-EMA which has opened up downside for the pair.
Technical indicators have also turned . below 50 levels, bias lower.
Stochs are sharply lower and is on verge of a crossover on signal line.
Next immediate support lies at 0.9058 (38.2% Fib). Break below could see weakness till cloud base.
On the upside, 5-DMA at 0.9133 is immediate resistance. Break above 100-DMA needed for meaningful gains.
Support levels - 0.9058 (38.2% Fib), 0.9006 (50% Fib), 0.8955 (61.8% Fib and cloud base)
Resistance levels - 0.9094 (55-EMA), 0.9131 (5-DMA), 0.9173 (100-DMA)
Good to go short on close below 55-EMA, SL: 0.9175, TP: 0.9060/ 0.90/ 0.8955