In the following chart, you can see the descendant daily channel that I ‘ve been following. With indicators slightly bullish, yet turning after last candle opening, the pair is not saying that much from that side. The 20 SMA has turn pretty bullish and price is above it, suggesting further continuations. Quoting around 1.2700, above 1.2740 the pair will find next resistance at 1.2780 zone, and above around the 1.2820 zone, 200 EMA. Supports will be at 1.2660, 1.2620 and 1.2588.
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