This pair is in a sideways move. It has lost the momentum to go higher and yesterday’s sharp fall came to an abrupt halt at 112. The last 3 days have all been doji which is a slightly bearish sign although there has been no bearish confirmation from price.
Obviously a continuation to key resistance in the 114’s is still possible, whilst a move to the downside would first find support at the bottom of the range at 111.80.
