After having hit a top at 1.4924, thecross has consolidated in the recentsessions. A bearish divergence hasformed on the daily indicators whichwas confirmed yesterday by the breakbelow a short term support at 1.4770.In this context, the consolidation mayextend toward 1.4650 then 1.4585(short term retracements) while thenext medium term support lies at1.4519. Intraday Resistance lies at 1.48.Sell – Stoploss @ 1.4801 – Target @1.4586.
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