## Identifying support and resistance levels
*Resistance levels**:
- Near resistance: 1.350
- Medium resistance: 1.370
- Main resistance: 1.400
*Support levels**:
- Near support: 1.320
- Medium support: 1.307
- Main support: 1.300
## Summary
The ERA currency is currently experiencing strong selling pressure, with the price reaching $1.325. Technical indicators show severe selling exhaustion, which may indicate the possibility of a short-term technical rebound. However, the overall trend remains bearish.
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