The single currency broke the 1.3000 support zone last week as we said on our past weekly updates and trades through 1.2885 area on friday's trading session and initiate a retracement due to over sold on hourly TF.
immediate resistance lies at 1.2950/80 area. provided it holds, the downside target around 1.2850 area should remains intact. But any daily close above 1.2980/3000 area will mark the end of the bearish correction and test 1.3050/80 area or above.Good luck & safe Trade.
immediate resistance lies at 1.2950/80 area. provided it holds, the downside target around 1.2850 area should remains intact. But any daily close above 1.2980/3000 area will mark the end of the bearish correction and test 1.3050/80 area or above.Good luck & safe Trade.
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