The power distribution point is formed, there are fewer buyers on the market and the bears are starting to take over control.
We expect downside movement of the pair to the support level 1.052 from the power distribution point.
Despite the strong upside trend now it is the best moment to sell; a strong resistance level is located at the 1.076 level where a Stop loss signal should be set.
Alternative option: break of the 1.076 resistance level will give potential for buying.
Support levels: 1.052
Resistance levels: 1.076
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