Support at 1.5245 on H4 chart is successfully protected by the bulls and although the lows are declining this closure is followed every time above the first low of the 22 of January.

There is a chance that by the end of the day, the closure will take place above (CALL option) maximum of the last pin bar, namely above the level of 1.5300. The increases may reach the resistance at 1.5540. Descent and close below today’s lows negates short-term bullish bias on this pair.

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