The instrument still lacks a major Bull Party but have started showing some mild bullish behavior. Please watch out for the of the important levels for a proper trade set up.
* The instrument needs to break the pivot in the upward direction to target the first major resistance of 1.0731 and 1.07527. * A return to 1.07 level would signal a bullish behavior. * If the Pivot is not broken in time then we can see a slide to 1.0644. * Should avoid levels below 1.06 for a major sell off. * However if a major sell of comes then reaching 1.06120 level would limit it. * An upward move through 1.0731 and 1.07467 could give a bull run to 1.07708 & 1.0785 * Failure to break 1.07467 level could give a downward move to 1.0644
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