Though it is not yet in question, we are starting to question the bullish potential on this pair which continues to be under pressure after a break below the 38% fib level.
Next important target is now 0,97 corresponding to the 50% fib retracement handle and key support. This is the last barrier before a bearish reversal.
A break above parity is now required to confirm a long term bullish outlook. Over the short term, a break above 0,9820 would alleviate the immediate downside pressure.
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