?Previous low at 0.8073 offers initial resistance, ahead of 0.8135/50, 21 July low / 25 July high, where a lower top is anticipated, to maintain bear structure,? said Slobodan Drvenica, analyst at Windsor Brokers Ltd. According to him only a regain of 0.8276, ?would ease immediate bear pressure.?
Greenback is headed toward the sixth monthly decline in a row and has fallen more than 150 pips from Friday?s closing price.
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