The pair has been trading within a 1W descending channel
for most of the year ( RSI
= 40.168, MACD
= -0.690, Highs/Lows = -0.5054) and last week rebounded on the 106.885 1D Support. This is a potential Double Bottom
formation and we are taking this buy opportunity to aim at the nearest 1D gap at 108.500.
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