Technical analysis: The price is still in a downtrend below 1.25
It has just bounced off the institutional support at 1.24
We could expect the beginning of a bullish retracement towards 1.25 or 1.26.
But we'll be keeping an eye on the possibility of the downtrend continuing towards 1.23.
Beyond Technical AnalysisSupply and DemandSupport and Resistance

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