Renewed bout of risk aversion coupled with aggressive USD selling weighing on the pair.
Markets pricing in a potential Trump win now, increased nervousness heading into the US elections scheduled next week.
Technical studies are heavily , we see scope for further downside.
The pair has slipped below 100-DMA support at 102.81, and we see 5-DMA on verge of a crossover on 20-DMA.
Good to sell rallies around 102.80/90, SL: 103.55, TP: 102.55/ 102/ 101.80/ 101.20