Pair’s rebound from the low of 1.2916 for the second day on Monday followed by a rise to near 1.2990 levels in the Asian session suggests the sell-off from the recent high of 1.3121 could have run out of steam and the pair may test 10-DMA hurdle at 1.3050 levels.
On the lower side, fresh selling is likely below 1.2916.
On the lower side, fresh selling is likely below 1.2916.
