Pair’s break above September high of 104.32 followed by a rise to 104.80, the highest level July 29 suggests continuation of the rally from 100.00 levels and could yield a rise to 105.44 (23.6% fibo 98.787-107.50).
On the lower side, only a retreat from current levels followed by a daily close below 104.32 (September high) would open doors for a corrective move to 103.72.
On the lower side, only a retreat from current levels followed by a daily close below 104.32 (September high) would open doors for a corrective move to 103.72.
