Pivot: 1.008
Our preference: Long positions above 1.008 with targets @ 1.0175 1.02 in extension.
Alternative scenario: Below 1.008 look for further downside with 1.006 1.004 as targets.
Comment: the pair has broken above a declining trend line turning the outlook bullish.
Key levels
1.0235
1.02
1.0175
1.01478 last
1.008
1.006
1.004
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