The pair remains trapped in a range until a break of
the 4/20 high at 1.1422 or the 4/24 low at 1.1338. Consider the area bound
by these two prices a sort of no man’s land. Resistance comes in at the
4/20 high of 1.1422 with a break targeting the 4/17 high at 1.1532. To the
downside, 1.1297 remains the target / support with a break exposing the November
1991 low at 1.1189.
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