FXstreet.com (Barcelona) - The pair reached as high as 98.56 yesterday, exactly a descendant daily trend line coming from the 99.67 high of past March 5th. 4 hours charts suggest further downside corrections as the general tone here remains bullish.

Good volume in Asia, momentum is showing some bullish divergences while CCI cut the 0.00 line to the downside. Moving averages are still pointing higher and 97.20 will be the key support to contain the downside, said Valeria Bednarik, collaborator at FXstreet.com.