- Pair’s rebound from confluence of multiple rising trend line support at 0.9835 if followed by a day end closing above 0.9886 (50% of 1.03284-0.9444) would signal a bullish break and open doors for a rally to 0.9956 – 0.9990 (61.8% of 1.03284-0.9444).
- On the other hand, a break below 0.9835 (daily low) would suggest bullish invalidation and could yield move lower to 0.9782 (38.2% of 1.03284-0.9444).