The pair broke the 200-Day SMA by 1.0410, but did not manage to hold above this level, so we see the risks of a decline towards the 50-Day SMA by 1.0130. Consolidating below the 50-Day SMA would open a new downside extension towards the 0.9860, 0.9660 supports and the 0.9385 low. Meanwhile, should the pair hold above the 200-Day SMA, it will confirm the uptrend towards the 1.0750 resistance.
