The pair is in an uptrend  from 76.67 low. Trading is situated below the 50- and 200-day SMA, currently projected at 82.25 and 83.95.

The outlook remains bullish on the lower frames for a test of 81.30-50 resistance area, where a reversal should be expected for one more leg downwards, to 79.50. Initial support is projected at 80.50.
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