Chart wise, it has managed to bounce off from the low of 1.74 looks rather bullish!
This is just a counter trend reaction and if it is not abile to stay above 2.00 then it may succumb to selling down pressure.
Breaking down of 1.97 may see further weakness and price may go back to 1.90 then 1.80 and below.
Pls dyodd.
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