
Spot Price: 1.3500
Technical Analysis:
With support at 1.3465 holding firm, the ensuing bounce has so far held short of the 10 day MA. More solid resistance can be expected at 1.3555, a 61.8% retracement level. Based on chart technics it looks like we are presently mid range in a bearish pattern which will eventually test 1.3375 support. Sell rally with stop above 1.3625.
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