The level 0.9260 could potentially become a strong level, if the pair pulls back down:


The price has formed a bullish engulfing within the support zone, therefore there is still a chance for the pair to pull back and head towards the point 152.00:

Looking at the weekly chart, we can see that the price can go up to the level 152.80, which is the 50% Fibonacci level away from the last drop. And a pullback down could happen away from this 50% Fibonacci level:

Stay tuned for more and trade with Tickmill!

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