After a consolidation, the cross hasresumed its uptrend and may return tothe recent high at 1.6846 before thenext medium term resistance between1.6959 (retracement) & 1.7019 (upperlimit of the medium term bearishchannel). Successive breaks below1.6540 then 1.6440 would invalidatethis scenario. Buy – Stoploss @ 1.6539– Target @ 1.6955.
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