This pair worries me a bit as seemingly everyone I speak with is either bullish or long. Maybe this is purely a coincidence. What we can say for sure is that support levels near 1.0750 have held very well on a few occasions and bulls can find plenty of reasons for buying at current levels with 50 pip stops well below the support points. The topside target is still the very important 1.0900 level. A break above there would suggest that a bottoming pattern has developed.
