Our Recommendation : Long positions above 1.4045 with targets @ 1.41 & 1.42 in extension.
Alternative scenario: Below 1.4 look for further downside with 1.395 & 1.3895 as targets.
Why to go long: The pair stands above its new support and remains on the upside. RSI signals upward move.
Levels to watch:
1.42
1.41
1.4091 last
1.4
1.395
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