The pair left a large downwards candle to the support at 1.48, the level that held all the movement. During the morning in Europe, the pair broke Friday's lows until it stopped at 1.4773, after trying to unfold the uptrend with no success. Since it hit October's low, the pair was showing exhaustion signs, which will be confirmed if the support at 1.4773 is broken to 1.469. 1.4746/32 will try to prevent the price from getting to 1.469. The MAs have crossed indicating a trend shift to a short one.
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