Monthly, weekly and daily trends are up. Volume follows price movements (increases as price advances and decreases in price declines) so it is safe to assume the recent uptrend is healthy.
There is a reversed head and shoulder pattern that is visible in the monthly, weekly and daily charts, with the neckline at 1.64.
Broken neckline of reversed head and shoulder target: 2.33
Short term target: 1.85 (gap up target)
Support: 1.61
Major resistance: 2 - 2.44.
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