currently trading in the red at 0.7216, having faced rejection at 0.7234.
That level is housing the trendline connecting Sept. 1 and Sept. 18 highs.
A close higher would imply an end of the pullback from the Sept. 1 high of 0.7413 and bullish reversal.
Indicators like the MACD histogram and the 14-day relative strength index are reporting bullish conditions. In other words, they have aligned in favor of an upside break of the bearish trendline.


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