By ForexMansion.com

 

This pair has been treading water at these lofty levels for a couple of weeks. This is no real surprise as a breakout will often need to rest first before its next move upward. There is no reason to sell this pair until at least 500 pips below here. As long as we hold above 1.35, this is a buy. Any selling of this pair will see significant support, and buying is without a doubt the preferred course of action.

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