Technical summary:
Minor resistance at 138.68 is still held firmly so the risk remains for more downside pressure towards important support near 133.07, but it will take a break below this level to turn the picture bearish. To remove the downside pressure a break above minor resistance at 138.68 is needed and it will call for a move higher to 141.06 and 144.03.
Trading recommendation:
We will stay neutral for now as the picture is a bit unclear.
The material has been provided by InstaForex Company - www.instaforex.com