This pair has been on the rise for the last 5 days starting from March 16 to March 22. This despite the FED increasing the interest rate by 25 basis point. From the lows of 1.0700 the pair reached the highs of 1.0800. USD also got entangled due to other factors and is quite weak. There might be room to roam for upside from here though rise might stall and USD would recover.
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