The 50 Fib from the Jan lows at 1.5767 managed to attract buyers into the end of the week. In New York trading the pair fell back to test trend line support before rallying into the weeks close. The calender is full next week for this pair so trading should be active. Support now begins in the 1.5767/30 zone. This area will be pivotal heading into next week. A hold of this level and we could see a move up towards the 159.80/1.60 area. A break of the support zone could see a rapid fall towards 1.56.
Res 1.5835 1.5980/1.60