With the pair continuing to hold on to its upside bias, we look for more strength to occur. Further out, on continued strength the pair will aim at the 0.9850 level and possibly extending towards the 0.9932 level, its 200 weekly ema. The next upside target resides at its psycho level standing at 1.0000 level. Its daily RSI is bullish and pointing higher supporting this view. The alternative scenario will be for the pair to return below the 0.9768 level just violated and then continue its downside pressure towards the 0.9421 level. Below here will aim at the 0.9366 level and then the 0.9331 level. On the whole, the pair remains biased to the upside in the medium term having reversed its previous week gains.
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