Minor resistance at 1.0886 continues to protect the upside and thereby keeps the downtrend intact.
It looks like a small ending diagonal is unfolding and it would be perfect if we can get a small overshooting of the ending diagonal support-line followed by a powerful reversal to the upside. The line in the sand is minor resistance at 1.0886 above here we have likely seen the bottom of a rally towards 1.1581.
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