Technical studies are heavily , and Stochs are sharply lower.
Weekly charts also support downside in the pair. biased lower and below 50-levels.
We also evidence weekly 5-SMA crossover on 20-SMA which adds to bias.
We see scope for test of 200-DMA at 86.01. Violation there could see further weakness.
On the flipside, 20-DMA at 87.63 is strong resistance, break above invalidates bias.
Support levels - 200-DMA (86.01), 85.45 (Aug 11 lows), 84.85 (61.8% Fib retrace of 81.48 to 90.30 rally)
Resistance levels - 87.03 (5-DMA), 87.63 (20-DMA), 87.95 (50-DMA)
Good to go short on rallies around 86.75/90, SL: 87.65, TP: 86/ 85.45/ 84.85.