Nasty spike lower just after the NY close saw the market trade at 95.80 before an equally nasty bounce took the pair back to 96.75. Liquidity is poor and I would not try buying dips just yet, wait until the dust settles even if it is 100 pips higher.

The daily chart looks like we could easily see a test of the first Fibo at 92.00 and based on events of the last few sessions, it could even happen today!

Keep positions smaller than usual and play your limits a bit wider.