Estimated pivot point is at a level of 1.2915. Main scenario: short positions will be relevant from corrections below the level of 1.2915 with a target of 1.2590 – 1.2488. Alternative scenario: breakout and consolidation above the level of 1.2915 will allow the pair to continue rising to a level of 1.3100. Analysis: Supposedly, a correction continues to…
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