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Yesterday, the spot rate broke through day its short-term horizontal support at 1.3565 giving the way to a violent acceleration. Therefore a pullback at this area will be expected before a resumption of the downtrend.
According to previous events, the market indicates a bearish opportunity on the level of 1.3565 with a 1st objective of 1.3470, then 1.3440. A breakout of 1.3595 will invalidate this scenario.
