The price is inside the range. From the support we see active price strengthening towards resistance. The strategy of trading inside the range is simple - it is worth to focus on the resistance and support of the flat.
At the moment correction is forming, which may be directed towards 0.382 Fibo or to SMA-200, as we have an uptrend, these levels are the key for possible entry point.
Support levels: 1.87738, SMA-200, 0.382 fibo
Resistance levels: 1.88200, 1.89214
I expect the end of the technical pullback in the area of 1.87738-1.87450 with further strengthening of the currency pair to 1.89214 or to 1.90350.
Sincerely R. Linda!
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We get a predictable reaction. A bullish rebound and after the price fixes above the support, the currency pair may strengthen