The price broke through the channel and now pulling back. May pullback to 0.9850 or 0.978 to test the H&S neckline if the uptrend channel is intact. The next support is at 0.970 to 0.973. For uptrend, daily target is 1.000 parity level.
Price had not yet exceeded the previous high of 0.9950. Strong breakout of the high will bring the price to the all time high of 1.017.
By The Backyard Burner
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