As it appears on the chart, the pair managed to consolidate above the demand area 103.67 to re-ascend, aiming to rise above the 100 MA in an attempt to end the downtrend. In the event that the pair succeeds in rising above the 100-day moving average, it will directly target 104.75 levels, while stability above the demand area 103.67 favors this possibility.
Targets 104.7 - 105.5
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