The cross remains under pressure and falls below 133 handle, following unsuccessful recovery attempt that failed at 133.54. Retracement of nearly 76.4% of initial 131.85/134.93 rally, keeps the downside focused, as near-term technicals remain negative. Immediate support lies at 132.72, previous top and 38.2% of 129.28/134.93, ahead of breakpoint at 132.00, broken bear-trendline/50% retracement, below which, near-term bulls will be neutralized. Conversely, regain of 134.00 handle, is required to shift focus higher.
- Res: 133.00; 133.54; 134.00; 134.46
- Sup: 132.72; 132.58; 132.00; 131.85