The pair was able to move away from 0.8145 and settled above 0.8200, which reinforces our expectations of continuing the bullish trend on the intraday and short term basis, where the main initial target is exists now at 0.8300, and breaching it will be the key for more bullish moves.
EMA50 supports the expected bullish wave, which requires initially stability above 0.8145 to be achieved.
Expected trading range for this week is between: 0.8075 support and 0.8500 resistance.
Expected trend for this week: Bullish
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The pair achieved a strong bullishness to approach from retesting the previous breached rising wedge support, which is located now at 1.0485
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