Price has broken through the support trend line which it has re-tested. A rising wedge has formed, as well a 'W' pattern, which has re-tested the previous support level and appears to be rejecting it. Price is also under the 200 EMA, which suggests that it is in a downtrend. Expecting price to continue to break out of the rising wedge and continue bearish to the 1.28700 area.
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