Investors like you may be wondering this pair's movement in the following week. From a technical outlook, the last two candles of this pair are . It seems to suggest that there is a potential retracement to the downside.
Based on our forecast, if the pair continues to retrace, we are watching several levels. The first level will be 88.00 which is an important key psychological level. However, if this level does not provide any support, the pair could potentially 87.30 as the next level of support, followed by 86.70 as the third level of support. We will be watching these levels to determine if the uptrend since 27 November 2017 will resume.
9 Jan 2018
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