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Prices found support o/n at 1.2625. 1.2700 had put a lid on the subsequent recovery, but that has been cleared leaving the last two days' highs in play again. Hourlies are overbought, so not chasing a buy here. The 200-hr MA (10-day MA proxy) by 1.2700 ahs been cleared. Daily studies are mixed, but bearish on balance.
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