, the price has moved in to mitigate an inefficiency that was highlighted as follows:
With that being said, overstretched impulses will need to correct at some point, the question, for now, is when will the bears start to take profits? A retracement to the 38.2% Fibo that aligns with old support near 0.7050 could play out. However, the 4-hour chart shows no sign of deceleration so far and exposes 0.6890 first:
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