Namely, the currency exchange rates surge was stopped by the upper of a long term channel down pattern. However, the might have not affected the currency pair alone, as there are four additional resistance levels above the .
Regarding the pairs future movement, the rate has clearly bounced off the and is set to soon reach a support cluster near 1.5330 mark. The cluster is made up of the 55 and 100-period SMAs and the weekly R1 level.
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