The pair has since moved higher, reinforcing buyer control in the short term. This bias higher also aligns with last week’s low, which held above the 61.8% retracement of the decline from the September 2024 high at 1.08174, confirming bullish resilience.
Overall, the technical outlook remains positive as long as the pair holds above support, with buyers targeting higher levels in the near term.
This article was written by Greg Michalowski at www.forexlive.com. Read More Details
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