The pair continues recovering towards the key level by 1.3300...
The pair continues recovering towards the key level by 1.3300, from where we see the possibility of a bearish resumption. Breaking and consolidating back below 1.3000 would confirm additional declines towards the 1.2600 level. Meanwhile, a break above the 1.3300 level exposes gains towards the next resistance by 1.3500, from where a bearish reversal also could take place.
Edward Smith, technical analyst of company Admiral Markets.
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