The pair begin a sudden correction to the upside, and is quoting right now at 1.2740. The correction has plenty of room to the upside, and if the up trend continues, above 1.2766 the pair could reach the 1.2800 level quickly, yet a more long term correction could be triggered only above 1.2880 zone, a daily descendant trend line. Small charts are over sold, so we could see some corrections in 15 or 30 minutes charts, yet as long as the pair remains above the 1.2710/30 zone, chances to the upside grow.
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