The pair is attempting to regain some bullish direction, after recovering completely yesterday’s losses, and breaking a 4 hours descendant trend line with last candle, around 1.2710; however, the pair should confirm above the congestion zone between 1.2768/85, to continue to the upside, with next resistance at 1.2809, 1.2845 and finally 1.2897. Supports from actual price will be at 1.2734, followed by 1.2700 (where the pair will completed the pullback to the broken line if reached). A confirmation under this last, will take the pair to the zone around 1.2660.
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