Dislikedthe current PA suggest we can go either way. Since the break down after fed rate decision/talk we have consolidated in a descending triangle. Technically this should continue lower with first area of strong support around the 1.2990-1.3030 area (no exact value as it's a congestion area and 1.3000 represents strong psychological support). If we break loose of the 1.3000 area further descent can be expected all the way to the 1.2850 level. However, if the current triangle breaks to the upside a potential retest of the previous upwards channel could...Ignored
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