The 50% correction at 1.4520; limited further declines for the pair yesterday to rebound to the upside towards. The key resistance for the minor downside channel, seen in the image above, at 1.4625. Trading within the channel keeps the intraday and short term trends to the downside, which makes us believe that the pair is to decline targeting 1.4440 as far as 1.4720 remains intact.
The trading range for today is among the key support at 1.4275 and the key resistance at 1.4845
The general trend is to the upside as far as 1.4135 remains intact with targets at 1.6000
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