Price was previously rejected from a horizontal resistance zone starting from $1.295 to $1.380 and is currently approaching a strong support zone starting from $1.190 to $1.095 where we have D3 200 EMA along with W1 100 EMA acting as supports.

Price must at least close a daily candle above this zone in order to be on the safer side for reversal. A daily candle closure below this zone will build up higher chances for price moving to the next support starting from $0.990 to $0.900.

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