The break above important resistance at 1.0704 has confirmed, that we already have seen a long term bottom at 1.0488. I will now be looking for a major rally towards the top of wave 4 at 1.1577 as the first major target. As can be seen on the long term chart below the 38.2% corrective target, which comes in at 1.1553 near to the top of wave 4.
Short term we should see support at 1.0660 and again at 1.0558.
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