We are starting to see some form of material base on the pair with daily studies rolling over from oversold levels.
If the market can establish above 0,97 over the coming sessions, it might draw a major bottom with a next target at 0,99.
For the time being though, the pressure remains on the downside and a break below 0,9520 (last week low) would expose a test of multi-year low at 0,9450.
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