The pair closed at 110.25 on Friday, but this morning it was opened with a fall.
A quick and strong recovery from the low seems to be able to close the gap, but a stable move above the 110.25 seems unlikely.
Support is located at 109.50, followed by a minimum of 109.30.
The pair reached the high of 1.1979 last Friday, but quickly turned down, reaching a low of 1.1848.
The current movement is considered within the consolidation phase, and further trade between 1.1770 and 1.1980 still seems likely.
Real Trade Client Support