As shown on the chart, i am still very bearish on this pair expecting much more downside into 2017.
1.0500 was a very strong key level for us, as once we had broken Y Supp: 1.0810 it was the next key Support this chart shows my current position.
I expect a possible move back into 1.0500 4hr 20 EMA then further shorts down into W Supp:1.0370 and further.