We have seen the pair confirming a possible material base on top of its historical low (76,00) but the structure remains relatively weak.
We might see another test of 76,00 it the US Dollar weakens over the coming days.
We need to see a break above 77,70 (last daily high) to confirm a possible bullish development. In this event, 78,00 would be the next key resistance to clear.
A break below 76,00 would of course negate any bullish bounce.
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