The pair holds in directionless mode in early Friday’s trading, following Wednesday’s Doji and Thursday’s Hammer candle, awaiting stronger direction signals from US jobs data. Strong rejections on both sides in past two sessions support neutral scenario, along with mixed daily techs. Daily 10SMA turned sideways after containing dips in past two days, marking initial support at 111.36, break of which would trigger fresh weakness and expose supports at 110.66 (55SMA) and 110.58 (26 July low). At the upside, Fibo barrier at 112.18 (61.8% of 113.17/110.58) is upper pivot, close above which would generate bullish signal and unmask key near-term barrier at 113.17 (19 July).
Res: 111.87, 112.18, 112.56, 113.17
Sup: 111.60, 111.36, 111.19, 110.73
