The main trend is up according to the daily swing chart. A trade through 1.0782 will negate the closing price reversal top and signal a resumption of the uptrend. This could create enough upside momentum to challenge the February 2 main top at 1.0828.
A trade through 1.0726 will confirm the closing price reversal top. This could trigger the start of a 2 to 3 day correction. It may not lead to a change in trend, but it may just indicate that the selling is greater than the buying at current price levels. Happy Currency Trading
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