As Mike pointed out earlier the pressure is on. There’s no real catalyst form the move as the USD is steady against most other pairs, but the knives appear out for the barrier.
Should the chain get pulled the downside opens up further with lower Oct 2011/May 2012 trend line at 0.9869 and the 200 wma at 0.9850.
Aside from more option protection at 0.9925 and 0.9900 there is strong support at 0.9880/90.
Up above there is resistance at 1.0025 with stronger up at 1.0085/95.
Again, another USD pair under pressure with the downside favoured.
