• The ATR at 0.00878 on the daily chart means volatility is relatively low.
  • However big swings can be expected in the currency pair.
  • The Fibonacci retracement levels provide an interesting perspective.
  • We use the 100% level at 1.3494 and the 0% level at 1.22202. The 50% level will be at 1.28561
  • The 50% level is an interesting support level and the price recently bounced off this level.
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