The pair has been under pressure lately which confirms a period of consolidation after a sharp rally towards parity.
We continue to hold a bullish bias and expect a resumption of the uptrend soon for a new test of the parity level. In the meantime, we might see a continuation of the setback towards the 50% fib retracement handle and key support at 0,97.
Only a break below 0,97 would concern and negate the bullish outlook.
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