Concerning technical indicators we can observe that the Stochastic has recently retraced from oversold zone and is fluctuating now in neutral zone but given that the %K is above the %D, it provides a bullish tone. MACD on the other hand is bearish because it is below zero as well as below its signal line. In our view bearish bias at the moment is stronger than bullish. However the support at 0.8703 which has been the lowest level for the last two and half years it is very likely that would hold its ground.
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