The pair stabilized with minor losses after briefly dropping below $1.0800
- To the upside, the strong resistance can be seen at 1.0910, a break above will take the pair towards next resistance level at 1.0945
- To the downside immediate support can be seen at 1.0820 levels, a break below will open gates towards 1.0761 levels
- The pair needs to clear the key technical support of $1.08 and if this happens, the trend will shift to bearish. Until then, it is in the zone of consolidation between $1.08 and $1.1040
