The pair is on a 1W pull back ( RSI
= 59.803, MACD
= 0.022, ADX
= 45.865) following its rejection near the 1.4700 Symmetrical Resistance. The pattern is similar to that of early 2016 when after a rejection on the 1W Symmetrical Resistance, the price was sold-off aggressively and found a bottom on the 1.24700 Symmetrical Support. We are expecting a similar development.
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