The pair holds in green on Monday and consolidating above daily cloud base which contained Friday’s fall.
Cloud base lays at 110.45 and marks pivotal support, break of which would expose psychological 110 support, reinforced by Fibo 61.8% of 108.11/113.17 ascend and nearby 100/200SMA, which created bull-cross.
Rising bearish momentum and MA’s mainly in bearish setup, keep the downside at risk, but the pair may hold in extended consolidation while above cloud base.
Falling 10SMA (110.87) which formed bear-cross with 55SMA, should keep the upside protected.
Res: 110.68, 110.87, 111.28, 111.64
Sup: 110.31, 110.00, 109.87, 109.30
