Price has moved little over the past week.
and an advance to the next resistance level at $1.2142 looked likely.
This was a good call, as the price did reach that level, but only following a dip and only on the next day.The line of least resistance is certainly upwardsThere is a cluster of three closely packed support levels below the current price, all above the round number at $1.2100Turning to fundamentals,, given tailwind by the ongoing banking crisis which is putting pressure on the Fed to cease hiking rates, or at least to make this week the final, small hike of the current cycle.
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