Price most likely hit a strong resistance last week releasing a surprising reserve of bears which will push price down to around the 1.3516 mark. Although, the bulls may have a counter surprise, booming up the price straight to 1.40, but I highly doubt that. Also, if the blue trendline is considerably punctured, a secondary support will be calmly waiting at 1.326.
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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.