After advancing to the 1.1710 handle, I commented in my last post on this pair that we need a Daily close above this handle for bulls to advance further. In fact, the pair closed above this handle on Wednesday with FOMC minutes and again on Friday, moving as high as 1.71460 last week. I will only turn my bias bearish on a Daily close below 1.1490 support area and continue to look for buys on dips to support zones. Keep in mind that the lack of momentum in the market require patience!


Source: MARYNA

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