On the 1H chart, the price is testing support at 1.046 zone. MACD suggest a potential downward movement. Also, the pair remains below the 100-period moving average (MA100).
🔼If the price rebounds from 1.048, further rise towards 1.04876 is likely.
🔽Alternatively, slide towards 1.047 support and lower is possible
🔷 😎 Choose "👍" if you expect a price will rise and "👎" if you expect a decline.
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