
The 50% fibs from friday high and low might provide some support for the pair at the 1.3600 area. further support can be seen also at the MR3 at around 1.3588 as well. The bearish pattern created last friday might be hinting that the pair will face some resistance here at the Friday's high at around the 1.3730 area which is also the 38.2 fibs level from the high of 1.6000 to the low of 1.2330.
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