The pair is pulling back after the last 2 weeks sharp decline with an attempt below parity which offered a great support as expected.
Considering the latest price actions, a major reversal structure might be in place with the breakout of a long term rising trendline which validates a double top formation on the weekly chart.
For the time being, we expect a continuation of the bounce towards 1,0650 for a test of the former trendline near the daily 20 moving average.
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