This support goes back into October 2016 and has held after being tested and briefly broken a few times. Major support still lower and a stop below 1.315 makes sense. Easy to have a target of 1.37+ with stop of < 100 pips.
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Daily close above the line so its not looking too bad... yet
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I've been scalping in this tightening area. The BB mid line on 4hr chart (20, 2) and the support line are squeezing price. I am ready for a break lower still and anticipating BOC shift away from hawkish tone next week.