Recently, a false breakout was seen when price broke out above the resistance zone 1.1923 but closed below it just before the end of the trading day. Unless the price breaks out again above 1.1923 with a big green candle, I expect a move towards the lower trend line and even break below it to continue short . On the way downwards, key support lines can be seen around 1.1877, 1.1857 and 1.1836. If the last support line is breached, then the price will likely continue downwards towards 1.1720. On the other way, if the price breakout above 1.1923, and close above it, then I'll be looking for buy position with my take profit at 1.1983.
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