The pair continues to be well bid s it seems to have found some good support on top of the 200 moving average and the 1,03 level.
A break back above 1,05 would expose 1,0650 (50/100 moving averages) with a possible extension towards 1,08 (former long term trendline).
We still consider though that a major top might be in place considering the nice double top formation on the weekly chart.
We will seee how the market sentiment evolve over the coming days. Renewed concerns on the overall economic growth and financial situation would weigh on the pair once again.
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