Whilst the recent trend has at times been violently bearish, and it is risk-off Friday as well, the short-term charts are disagreeing and look a bit oversold to my contrarian eye. I’m pretty sure that we will get some movement here today and I’m thinking of starting small with a mild bullish bias whilst the pair stays above 92.70ish. Any early rallies will run into resistance at 93.50, so that looks like the initial range to play.