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The currency pair remains in the downward phase and so far does not promise a strong reversal of the trend. Dollar in tandem with most currencies is weakening. This is not very optimistic because the US economy is in good shape, but the constant printing of money, stimulus packages and a whole lot of money given away are producing the same effect as you can see.

Rebound and possible long position, not earlier than after crossing the indicated place with a cross. Then the next level is a breakdown of local resistance and a chance for a stronger reaction to the upside.

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