Follow the markets with 
The pair seems to have taken a breath after falling very close to a weekly ascendant trend line around 1.8590. Quoting in the zone around 1.8700, above today’s maximum, 1.8735, we could see a recovery to the zone around 1.8795 first, followed by 1.8840 and finally 1.8905 zone, 23.6% of the daily fall. To the downside, the pair has no much support until 1.8650, followed by the zone around 1.8590, that should offer an interesting rebound.
Hello Val
Good to see you are back and hope you are feeling better already.
I want to know when you say GU to the downside, the pair has no much support, does it mean that the price is going to lower, due to not much support?
Thanks again Val.
Regards
Hi Burn and tks! What I mean is not that the pair is going to fall, but if it gain some speed to the downside, will find no supports until that zone. but the fact is that is already above first resistance, 1.8735, and tending bullish in the very short term. Although the pair is bearish in bigger sharts, a correction is needed after a 1200 pips straight fall in a week. I believe today the pair should reach the 1.8880/1.8910 zone.
Regards
Val