Concerning oscillators, Stochastic is heading lower but is mostly neutral after falling from overbought zone. The RSI (14) had the same style like price pattern falling earlier below rising trend line showing some weakness.
In our opinion, the currency pair made a quick correction limited by 5-year peaks around 103.74 after a strong rally. Nevertheless, the positive structure remains firm and for that reason we consider chances still favor upside.
|Levels||RES 3||RES 2||RES 1||SUP 1||SUP 2||SUP 3|
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