Despite positive open in Asia above falling trendline (drawn from Sep 8 high &Sep 15 high), the subsequent exhaustion near 1.1250 if followed by a re-entry into falling trend line would open doors for an intraday retreat to 1.1174 (50-DMA).
On the higher side, an hourly close above 1.1250 could yield an intraday rally to 1.13 (trend line drawn from Aug 18 high and Sep 8 high).
On the higher side, an hourly close above 1.1250 could yield an intraday rally to 1.13 (trend line drawn from Aug 18 high and Sep 8 high).
