From a technical view, one would expect this pair to go a bit higher following the recent upward momentum. There's however a very strong resistance at around 1.31846, giving us an option to wait for price to get to that point. If price rejects that resistance, we're likely to see downward momentum to as far as the arrow indicates. A break above the resistance means we're taking it further up to around 1.34690. For now we wait.
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