On the weekly chart above, a key Resistance line can be seen at 1.2436, while key support lines can be seen at 1.1716, 1.1450, and 1.0484. This month and even in the next few months, I expect price to trade within the range 1.2436-1.1459, Unless there's a clear breakout above or below this range, trading reversals looks more ideal As it on the weekly chart, I expect further rise towards 1.2436. On the way upwards, the key lines to look for include 1.2135, 1.2325 and 1.2436. If these lines are broken, then I expect a rise towards 1.3635.
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