Monthly chart:
Current medium-term downtrend is approaching bottom of the longer-term uptrend, which is marked on the chart as trendline that supported the price in 2009, 2010 and 2013.
Weekly chart:
The momentum of the decline appears to have been decelerating somewhat. The monthly trendline, 76.4% retracement (of the of the July 2013 to July 2014 upswing) and 1.55 level will provide support zone (1.5250 - 1.5500) for the potential bottom, should the price continue to trend down.
Daily chart:…
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