This was seen on the 4-hour time frame as in the following prior analysis:The price mitigated the imbalance into the daily M-formation's neckline near 1.2700/10 prior to the recent break to test 1.26 the figure.
At this juncture, the neckline of the daily head and shoulders would be expected to act as resistance near 1.2580/1.2610. Bears can look near to 1.25 the figure and 1.2480 as the next area of expected support:Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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