Pair finally break under the key 1.0550 level and accelerate to the downside. Testing the base of the daily descendant channel, pair rebounded strongly from that level, yet remains extremely oversold both in 1 and 4 hours charts. Corrective movements should extend now, with resistances at 1.0490 1.0520 and 1.0550 zone. Confirmations under the channel base, will trigger more selling in the pair, with 1.0420 1.0380 and 1.0350 as immediate support zones.
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