- Intraday bias remains neutral for consolidation below 0.7554 temporary top.
- Retreat to be contained above 0.7311 supports and bring another rally.
- Break of 0.7492 levels indicates medium term trend reversal.
- Further rise should be seen to 38.2% retracement of 0.8806 to 0.6935 at 0.7650.
- From the fundamental point of view, today UK will release monetary policy which will be the key event for the further direction to the parity.
- Initial support levels are seen at 0.7521, 0.7492 and 0.7437 levels.
- To the top side resistance levels are seen at 0.7576, 0.7605 and 0.7660 levels.
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