Pair’s rebound from rising trend line support (Post Fed low) followed by a move above 1.4533 (50% of 1.5230-1.3835) in early Europe saw the pair make a failed attempt to take out 1.4617.
Bulls need to observe caution as failure to take out 1.4617 despite a smart rebound from rising trend line could shift momentum in favor of bears; especially if hourly 50-MA support of 1.4568 is breached.
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