The cross built on the solid upsurge overnight and jumped to the highs of 2-1/2 months on Wednesday, although it battled to extend the momentum beyond the psychological mark of 145.00.
Overbought conditions on hourly charts turned out to be the only factor that kept a lid on any solid up-move follow-up, instead seemed to lead to higher limits of profit-taking.
However, overnight dips are probable to be used as a buying option and should help to limit any meaningful slide, given the bullish breakthrough over a three-week-old downward trend channel.
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