The pair remains under pressure, and chances continue favoring the downside, with a first support zone around 104.00/10 zone, followed by this month minimum at 103.53: any movement under it will mean a downside continuation, with next support @103.20. Only above the 104.90/105.05 zone we could see some upside pressure, first to 105.35 and finally to the tough zone around 105.55.
Maybe a side note to all the technicals in all pairs: while we can see clearly in the chart indicators pointing to the upside and candles to the downside, and at least in my charts, in 5 minutes we have a new 4 hs candle opening, and surely indicators will turn after this last one price action; besides, and for me, there is not much to discuss about dollar weakness, so, remember to open mind and eyes, and keep a larger view on things.
Good trading for all!
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