The pair has been trading within a 1M Channel Down ( RSI
= 40.510, MACD
= -0.011, Highs/Lows = -0.0132) since the start of the year. Recently is has been following a previous pattern within the Channel Down that calls for a bearish
extension. We are taking this sell opportunity to aim near the 1.4810 Support. Attention is required and readiness for an early exit as this levels has been holding since November 2015.
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