Nothing appears to have changed much since the other day's analysis. Following the bounce from the support line 1.3125, I still expect a rise towards 1.4659 or even higher. On the way upwards, the key lines to check for include 1.3591, 1.4097 and 1.4616, if these lines are successfully broken, then further rise towards 1.4659 is expected. As it is on the weekly chart above, only a buy trade can be recommended with a take profit fixed at 1.4659. I will also reconsider a short position but only if the price go below 1.3007.
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