As the single currency has maintained a firm undertone after this week’s rebound, suggesting the decline from 0.9043 has formed a low at 0.8611 last week and near term upside bias is seen for further gain to 0.8827 (50% Fibonacci retracement 0.9043-0.8611) but reckon resistance at 0.8846 would hold on first testing.
Source: ActionForexall Rss Feed
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