- Pair is currently trading at 1.0855 levels.
- It made intraday high at 1.0873 and low at 1.0829 levels.
- Intraday bias remains neutral for the moment.
- A daily close above key resistance at 1.0873 levels will take the parity towards 1.0970 and 1.1086 thereafter.
- On the down side, a break below key support at 1.0770 will turn bearish again.
- Alternatively, reversal from 1.0873 levels will drag the parity again below 1.06 marks.
Positioning is inconclusive at this point, with prices offering no clear cut signal to initiate a long or short trade. We will continue to remain on sidelines for the time being.
