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I’m looking at the pair right now, how hard is the battle between the selling pressure and the support zone the pair has between 1.2625/45; I add a Fibo to my charts, as I see more chances of an upside correction than a continuation for today, as the pair remains oversold in hourly charts, still, only above 1.2690 we could see the pair moving to the upside, first ti the zone @ 1.2710 close to the 23.6% of the last downleg in 4 hours charts. Above that level, next resistance will be @ 1.2750 38.2% of the same level. Regarding supports a break under 1.2625 will probably mean a continuation to the downside, with next supports at 1.2600, and 1.2567.
