The bias remains bullish in nearest term testing 1.0425 region as a part of the false breakdown bullish scenario. A clear break above 1.0425 area could trigger further bullish pressure testing 1.0450 – 1.0520 area. Immediate support is seen around 1.0355 area, another consistent breakdown below that area could bring the price to neutral zone in nearest term but overall price is still in a bullish phase after the false breakdown below 1.0170 last week which keep the medium term outlook remains sideways between 1.0610 – 1.0170.
Resistance Level : 1.0425, 1.0520, 1.0625
Support Level : 1.0355, 1.0290, 1.0170
Trading Range : 1.0355 – 1.0520
Trend : Bullish


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