Accumulation is seen in the price action with the macd creeping up. There is a small gap between 1.25 - 1.27. A breakout from 1.25 will see intermediate support at 1.27.
Trade on anticipation of reversal from downtrend. A breakout from 1.52 is preferred to confirm the reversal. (Thanks to Naruto on the W anticipation)
S1 - 1.20
R1 - 1.27
R1 - 1.27
R2 - 1.33
R3 - 1.39
R4 - 1.52R3 - 1.39
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