The psychological level of 80.00 held as a stance preventing the pair from achieving further gains yesterday. Meanwhile, RSI 14 caused the awaited fluctuation but we will continue relying on the descending channel to predicate potential breakout below the key support level of 79.55 until the pair proves its ability to start a new upside wave. Only a daily closing above 80.30 will bring the bullish picture back into focus.
Recommendation : Based on the charts and explanations above our opinion is, selling the pair below 79.55 targeting 78.20 and stop loss above 80.30 might be appropriate.