The price bounces from the support zone formed by 1.17200 and 1.17000 levels. Bullish divergence confirms trend reversal. We can expect for further upward movement. Entry level should be above SMA20. It's 1.17750 level. Stop orders must be placed below 1.17000 support level. Profit targets should be at 1.18500 resistance level and the downtrend line.
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