The pair remains under intense pressure over the long term but seems to have found a good support on top of 0,94 resulting in a bullish weekly candle.
A break above parity (pivot point) would allow a bullish development towards the 1,02 handle and above or at least a period of consolidation.
It is worth noting that 0,94 is a key level to watch as it corresponds to the former top of the 2010 range. A break below this level would expose further decline.
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