The pair has reached a major support level from the weakly realm at around 1.2100 handle; last time visited in September 2017. The weekly candle is forming a bullish pin bar , a reversal pattern from the book. We could expect a significant uptrend movement in this pair in the coming trading sessions.

Price action traders always look for this critical level, as the price usually has two options - bounce or break - Let's keep this pair in the hot watchlist waiting for candle confirmation in lowers timeframe.





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