Pair’s recover from the low of 1.1109 on Tuesday and a bullish follow through to 1.1230 today has established another higher low, however, the spot needs to close above 1.1268 to confirm continuation of the rally towards 1.1366 levels.
On the downside, only a daily close below 1.11 handle would open doors for a a deeper retracement to sub 1.10 levels.
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