Last week, there was a second retracement towards the daily support line 1.2747; and then a second rejection from this line. I went long following this retracement and is still holding on to this position. My expectation is that the price should rise further upwards towards the daily resistance line 1.3489 and could extend further up. The line 1.3489 is a key weekly resistance line and will need a great force to break above, therefore, unless there's a clear breach above this line, I choose to take profits at this line.
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