The pair has turned down sharply honoring resistance of 1.6125 during its prior week which was projected in my previous week update. Going ahead, prices are likely to hold below 1.6125 on any pullback and trade weak towards 1.55 and below in coming trading weeks.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.