Technically, near term support stands at 0.9938 (Oct 30th low) and any break below will drag the pair to next level till 0.9910 (100- 4H MA)/0.9860. Short term trend is still as long as support 0.9705 holds.
The major resistance is around 1.0040 and any break above will take the pair to next level till 1.0100/1.0174. Short term trend reversal can be seen below 0.9705. Overall weakness only below 0.9420.
It is good to buy above 1.0040 with SL around 0.9970 for the TP of 1.0170.