is at key support at the .8680 level, which are the lows from spring 2020, but the pair looks like it should take stops below this level and continue towards the .8620/40 level. The .8644 level is the 161% extension of the last move higher of late 2020. And with the RSI so oversold, the risk of a bounce from there is relatively high. In addition, the long-term multi-year trend line comes in at the .8600/10 level, which may offer additional support for a bounce. Am I bullish there? No. But a bounce may be in order.