That will was just above the swing lows from Thursday’s trade at 0.74656. There are now 3 lows on the hourly chart at that level over the last 3 trading days. That is good enough to increase the levels importance in the short term.
The inability to move below that swing low level, sent the pair back to the upside. The price did extend back above its 100 hour moving average. However after trading above and below the moving average over four consecutive hourly bars, the price seems to be dipping back to the downside.