The pair broke below the 1.3800 level. A sustained break of this level points to a further decline in the rate as indicated by the topping pattern. So far the pair has managed to stay above the 1.3750 level which is a rising trend line support area.

A move below 1.3740 indicates an initial move to 1.3680. Beyond this support is likely at 1.3640 and the 1.3600 area.

A pullup could occur, finding resistance by 1.3850, 1.3885-1.3890 and beyond that 1.3915.

The bias has shifted to short-term bearish for the pair, but a daily close below 1.3750 would provide more confirmation of this.

Forex Analysis by Dr. Sivaraman at ForexPros. com. For more details about Forex Trading and Tips for decent earnings through Forex Trading, Please check forexpros. com