The commodity pair have display a huge surge on the 1 hour chart even as trader await important UK GDP Estimate released by the National Institute of Economic and Social Research at 14.00 GMT.

The pair is presenting accelerating against the dollar printing a long bullish candlestick on the 1 hour chart as at 11.36 GMT.

Analysis indicates that important resistance could be found at 1.0245 which would require lots of buying pressure from investors to breach this mark.

On the short term for today, resistance could be easily seen at 1.0245, up to 1.0265, while immediate support lies at 1.0210, 1.0186

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