Yerterday’s price action didn’t really confirm a bullish bias on the pair which was a bit under pressure, testing the 1,44 support.
It is worth noting though that the market remains quite choppy with no directional bias thus it is no easy to be relevant in any technical analysis given these conditions.
We think that 1,43 will be a key level to watch on the downside as the last barrier for an extension toward 1,41 (daily bollinger band) before a test of the key 1,40 support.
A break above 1,4550 is required to allow a bullish development.
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