As the pair first bounced off the 78.330 support zone I has been making multiple rejections off the support zone but with little momentum to the upside. We have seen the pair make lower highs the previous week forming a descending triangle pattern, signaling that we might see a break of the support zone as well the the triangle pattern as a whole.
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Thanks for viewing.
Comment with your thoughts I'd like to hear them.
Disclaimer
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
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