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Current rebound suggests a temporary low has been formed at 0.7874 last week and consolidation with upside bias is seen for test of previous resistance at 0.7980-85 but a sustained breach above there is needed to add credence to this view, bring correction to 0.8000, a sustained breach above there
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Despite intra-day brief rise to 1.0944, lack of follow through buying on break of yesterday's high of 1.0930 and current retreat suggest minor consolidation would be seen and pullback to 1.0850 cannot be ruled out, however, reckon 1.0820-25 would limit downside and bring another rise later, break of said resistance
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