Pivot: 1.04
Our preference: Long positions above 1.04 with targets @ 1.1 1.116 in extension.
Alternative scenario: Below 1.04 look for further downside with 1.025 1 as targets.
Comment: The pair has broken above the upper boundary of a continuation triangle and remains on the upside.
Supports and resistances:
1.125
1.116
1.1
1.0824 Last
1.04
1.025
1
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