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Last Updated Date: 6 June 2022 @ 10:39 AM (UTC)
*Please note that all the dates are in GMT time zone

The market rallies in the back half of last week still hint for a short term trend shift to the upside. Look for attempts to extend rallies, but trade will need to post a close over 1.0786 to attack the previous swing high peaking levels. Be careful for secondary dips and congestion just under 1.0656. A close under 1.0636 is bearish and suggests a selling wave to new lows and possibly 1.0470.

Resistance 2     1.0760
Resistance 1     1.0740

 
Support 1          1.0690
Support 2          1.0671



 
 
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Whilst leverage enables traders to magnify their profits on successful trades, it is possible to sustain significant losses,around 78% of retail investor accounts lose money when trading CFDs.