The pair concluded its downside corrective structure around 1.6748 and bounced back sharply. During its last trading week it managed to close above 1.7037 thereby confirming a short term trend reversal. Hence going ahead, prices are likely to hold above 1.6880 on any pullback and extend gains towards 1.7450 in coming weeks ahead of turning down
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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.