Pair’s rebound from the low of 1.2916 for the second day on Monday followed by a rise to near 1.2990 levels in the Asian session suggests the sell-off from the recent high of 1.3121 could have run out of steam and the pair may test 10-DMA hurdle at 1.3050 levels.
On the lower side, fresh selling is likely below 1.2916.
On the lower side, fresh selling is likely below 1.2916.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.