From a chart perspective, a significant horizontal resistance level is at 2.1600. Our main scenario envisages the price reversing to retest the lower side of the rising trend line at around 2.1250. Only a sustained rise above 2.1600 would release further potential up to 2.1900.
A drop below 2.10 would significantly darken the chart picture, and waves towards 2.0600 could follow.
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