The Currency pair tried attempting the ascending channel at 90.80. However, it could not make further
gains and hence came under continued selling pressure. The currency pair posted a bearish candle.
For the ensuing week, the pair may find support at 89.20 and may face resistance around 91.00.
Below 89.20 we can see another round of selling towards 88.40. It would be difficult for the pair to
expect higher levels till it closes above 91.30. Expected to undergo consolidation phase between
89.20 & 91.20. Any breach of the range would lead to 100 pips move.