The breakout of the daily range has opened the door to additional losses on the pair which continues to print record lows week and week.
The market seems though to build a material base on top of 0,81 as we didn’t see any follow through yet after the breakout.
We will consider a potential bounce with a break above current range top at 0,82 with an immediate target at former support (0,83).
Inversely, a break below 0,81 would confirm and resume the bearish trend.
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