Despite the pair failed to successfully breach the 1.3350 level, we see signs of short term incline as seen in the above image and we see the pair was able to show a weekly close above the 20 MA at 1.3215 where from there the pair will attempt to extend its gain towards the key resistance for the downside channel that started in the week starting 13-07-2008 at 1.3545. What helped provide the pair with bullish momentum was rebounding from the 61.8% correction for the above seen bullish wave
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