Pivot: 1.7125
Our preference: Long positions above 1.7125 with targets @ 1.722 1.724 in extension.
Alternative scenario: Below 1.7125 look for further downside with 1.709 1.7055 as targets.
Comment: A support base at 1.7125 has formed and has allowed for a temporary stabilisation. The pair has broken above a declining trend line.
Supports and resistances:
1.7275
1.724
1.722
1.7139 Last
1.7125
1.709
1.7055
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