As long as the parity remains below 1.2330 from a technical perspective, we expect the outlook to remain weak and upward movements to provide a selling opportunity. Below, the 1.2050 region should be monitored as critical support.
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Resistance | 1.2250 | 1.2300 | 1.2330 |
Support | 1.2150 | 1.2100 | 1.2050 |