We hold a view of the instrument moving in the range of (0.89701 – 0.86627). We have to wait and watch the movement of the instrument from current levels.
We prefer to wait for break of upper or lower barrier.

| 0.88363 | 0.87898 | 0.87401 | 0.86727 | 0.86099 |
Source http://www.fxstreet.com/technical/analysis-reports/technical-outlook-for-majors/2011-11-02.v04.html