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Even though the pair failed at 0.7250 three times in February and posted an outside down day on Friday, technical picture doesn't look bad at all and there's plenty of levels where demand may start coming in, should the pullback continue.
50 DMA just below 0.71 is the immediate support ahead of 0.7050 but the real test will come at 0.70. Staying above is bullish while a drop below would imply a retest of January lows and possibly 0.6750.
50 DMA just below 0.71 is the immediate support ahead of 0.7050 but the real test will come at 0.70. Staying above is bullish while a drop below would imply a retest of January lows and possibly 0.6750.
