The pair managed to close above 20Wsma on a closing basis, but has made a double top this week at the 1.11 levels. The pair recovered half of its losses. Currently, the pair is trading at the 1.1014 level. Today, the pair opened with a bullish note trading higher. The pair has made strong opening today, so it opened above the previous close. The pair breached a one-month trend line. A daily close above the upper end of the triangle provides 100-200 (1.1150-1.12) pips in the near term with strong resistance 1.11 levels.
Support 1.0970 1.0934 1.0927
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