Pivot (invalidation): 1.1575

Our preference Long positions above 1.1575 with targets at 1.1625 & 1.1650 in extension.

Alternative scenario Below 1.1575 look for further downside with 1.1545 & 1.1515 as targets.

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Comment The RSI is bullish and calls for further upside. The pair is trading within a bullish channel drawn from the low of October 9.


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