Last week the price broke the descending upper trendline of the bearish channel, showing the necessary bullish strength for a possible trend change. After this, it reached key level at 1.5600, where it had previously bounced twice since support was broken last February. It has now returned to the main trendline, we expect it to return to the 1.5600 level, with an option to break that level to the upside in the near future. If the price breaks down the trendline, we would end our trade.
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