The pair remains under pressure in the near-term and attacks again hourly support at 101.45 (session lows / below cracked Fibo 38.2% of 98.98/103.23 upleg), after recovery rally from fresh low at 98.98 stalled at 103.23 on Friday.
Near-term technicals hold bearish tone and maintain downside pressure, as overall picture is firmly bearish. Additional negative signals were generated by break below 100.70 (50% of larger 75.66/125.84 ascend) and probe below psychological 100.00 support.
Hourly lower platform at 102.45 marks initial resistance, ahead of recovery rejection at 103.23, which marks the first breakpoint.
On the downside, break below 101.45 is expected to expose 101.60 (Fibo 61.8% of 98.98/103.23 recovery leg) and psychological 100.00 support, which guards last Friday’s low and lower breakpoint at 98.98.

Res: 102.17; 102.45; 103.23; 103.80
Sup: 101.45; 101.10; 100.60; 100.00

, Daily Market Outlook