The pair continues to dribble lower with sellers in near-term control now. There is some minor support around 1.0820 with large option expiries also one to watch at the 1.0800 mark. If the figure level gives way, it should help to shift the tide and mark a more modest retracement to the gains from earlier this month.
As we look to the session ahead, there won't be much on the agenda in Europe to shake things up. As such, trading sentiment will continue to rely mostly on the risk mood before we get to the weekend.
This article was written by Justin Low at www.forexlive.com. Read More Details
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