Monthly chart:
In January, the pair busted 100 month SMA, 38.2% retracement of the 2009 to 2011 uptrend and the low of the 2011 to 2014 trading range around 0.7350. February, March and April were more or less range-bound, but in May the pair broke to the downside strongly in what appears to be continuation of the longer term downtrend. Support is now seen at 0.70 level and near 50.0% retracement (of 2009 to 2011 uptrend) at 0.6868.
Weekly chart:
The pair traded in 0.7175 - 0.7600 range in Febru…
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