Currently we are at 1.0438 afterbreaking through the uptrend line on the .214 fibo . We could do an abccorrection here to the S2 @ 1.0409 A break down here though wouldtarget the support @ 1.0409 and then the S3 @ 1.0354. We are bearish. The current average daily trading range (ATR) is 62 pips.
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