A move below the 200 hour MA would increase the bearish bias for the pair with the broken 38.2% of the move down from the Feb 10 high at 115.14 as the next target, followed by the 115.00 natural support. A swing area cuts across at 114.945 to 115.00 as well. Move below those levels and the door opens for more downside momentum.
Hold the hourly MAs now and a move above the 50% midpoint at 115.369 would be needed to be rebroken to give some relief to the buyers/longs.
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