Here we can see that the bulls came up into the prior resistance structure but faced supply into the close on Friday a touch below 1.07 the figure. While a move-up is a possibility in the Asian session today, the price is entering correction territory.
Considering the failed breakout, however, the bias is still to the upside although a move into the prior week's lows and a restest of what would now be considered as a countertrend could be in order.
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