-The next level of possible resistance is 1.5994. This level was support following the decline during the first 6 days of the year.

DailyFX

-Weakness below Friday’s low at 1.5775 would be a sign that the market has turned.

Trading Strategy: Waiting for either a setup at higher levels (1.6000?) or a drop below 1.5775 to turn bearish.

LEVELS: 1.5775 1.5839 1.5876 | 1.5962 1.5994 1.6070

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