The Currency pair continues to be under selling pressure for the past 5 weeks. The currency pair
attempted higher levels only to be sold-off again and posted a bearish candle. For the ensuing week,
the pair may find support at 87.90 and may face resistance around 89.40. A daily close above 89.50
required for further gains. Below 89.00, we can see another round of selling towards 87.90. Expected
to undergo consolidation phase between 87.90 & 89.40. Any breach of the range would lead to 100
pips move.