FXstreet.com (Buenos Aires) - Printing lower lows on daily basis, and unable to follow stocks, pair remains under selling pressure and pointing for further losses in the midterm. Barely holding above 94.00, despite S&P regained the 1000 level (both have been highly correlated till this week), a break under weekly low of 93.66, will be first signal of downside continuation.
Short term, under mentioned 93.66 supports come at 93.20 and 92.80 level, while longer term view has 91.70 as key support zone, ahead of 90.00 level. To the upside, and in the short term, resistances lie at 94.39/40 area, ahead of 94.80. Pair needs to break above this month high of 97.77 to change the bias.