We hold a view of the instrument moving in the range of (79.633 – 75.573). We have to wait and watch the movement of the instrument from current levels.
A hold for a clearer technical outlook iadvisable.

| 77.753 | 76.484 | 76.159 | 75.735 | 73.786 |
Source http://www.fxstreet.com/technical/analysis-reports/technical-outlook-for-majors/2011-11-01.v05.html