[B]Bias:[/B] I feel some care needs to be take today with momentum signals and structure conflicting
Losses pushed directly lower to the 1.2705 low. The pullback has been steady but I suspect that at the very least we'll see one more attempt higher and we'll need to observe reaction at key resistance. I feel the 1.2800 support may well hold today but allow for 1.2768-78. A subsequent break above 1.2875-97 would provide the next lift to resistance at 1.2942 and probably 1.2963 & the key resistance at 1.3017-30. This must cap for a larger bearish move. Breach would accelerate gains to 1.3090-1.3120 and later to 1.3178.
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