Pair's loss of bullish momentum as it neared 1.13 in Asia followed by a drop below 1.1236 (38.2% of 1.0463-1.1714) if followed by a break below 1.1196 (38.2% of 1.0517-1.1616) could yield a drop to 1.1131 (previous day's low).
On the higher side, only a day end closing above 1.13 would open indicate short-term bearish invalidation and expose hurdle at 1.1342-1.1376 levels.
On the higher side, only a day end closing above 1.13 would open indicate short-term bearish invalidation and expose hurdle at 1.1342-1.1376 levels.
