The pair continues to struggle below the key parity level which remains a strong resistance to get through.
We will remain very cautious and wait for a break and close above parity in order to validate a long term reversal structure even the weekly chart setup calls for a bullish development.
Until we see that breakout, there might choppy price actions with false signals resulting in losses for traders trying to anticipate the trending move.
We continue though to hold a bullish bias over the middle term.
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