Since the previous analysis, nothing has changed much, I still expect a rise towards the weekly resistance line 1.1453 and a possible breakout above to continue long towards 1.2796. If the price fails to penetrate above 1.1453, then a reversal towards 1.0474. That said, I choose to remain long with my TP at 1.1453. On the weekly chart above, its good to remain long. Alternatively, conservative traders should have a sell limit order at 1.1453 with SL above 1.1734.
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