The pair has moved within a very tight range since this morning .The relief which momentum indicators were in need for has been completed after testing the broken trend line for the harmonic pattern. Hence, the downside rally for the [C] wave of the Elliott sequence is in favor for the rest of the day.

The trading range for today is among key support at 130.80 and key resistance now at 137.30.

The general trend is to the downside as far as 141.44 remains intact with targets at 100.00 followed by 88.97 levels.