Short term, we do have a 4 Hour trend line
that will come into play and act as resistance around the 109.000 region. This area will be key as to whether this pair can push higher to meet the monthly resistance at 110.000 or reject the trend line
and head south. Traders will be looking for any sign of weakness on this pair given last weeks activity, so should this trend line
be to tough to break, the next week wave of short sellers could step in to the market....