Dislikedit does look like we are developing an inverted h&s on the hourly charts as chart will show. If it does play out upwards targets are of 1.2870 (distance of tip of head to neckline). HOWEVER...the ecb is expected to cut rates in less then 24 hours so any longs off these levels should be well monitored. strong support is again 1.2565 and strong resistance is again 1.2625 with a congestion area in between 1.2625 and 1.2675 with very strong resistance at around the 1.2700 level.
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