Will it be a good support for a rebound or will just pierce through it? We will have to observe the pair when it get's there. For now, you can try to make a few SHORTs on any pullback up on the Hourly chart. The fact that it will touch the , I think its true. The question is what will it do then? We'll just have to wait and see. One step at a time.
Targeting the 88 area.
Keep an eye on the price action!