Technical analytics


Buyers defeated sellers around the EMA100 on Tuesday. Sellers retreated and allowed the spot to continue its advance north. The pair left the 1.1650 region and rallied towards 1.1700 which was reached in the mid-European session.  The resistance resides at 1.1700, the support comes in at 1. 1650.

As long as market is above 1.1600 the uptrend pressure will continue toward the 1.1700-1.1720 region.

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