This pair is in a longer term down trend but there is a possible double-bottom interim base in place at 87.10.
The shorter term trend is also down after a top was formed at 90.75 and we are now in the 4th day of this ‘new’ downtrend.
Resistance on the day is at 90.00 and a clean break above will neutralise the short term trend outlook.
Support on the day is at 88.80, with 87.95 the next level below there.
