As you can see the highlighted area just above 1.0800 has a good hold but within the last 24 hours it has not hold and ended up coming down to 1.07104. I believe that this is a false break and it indeed has formed some reversal candle sticks. Also at this reversal point if you look left you can see there was previous resistance which I believe now is turning support. considering these points we shall see an easy rise just above 1.08000 level which I anticipate at this point to take us higher.