As per yesterday's forecast, EU is in a range bound condition showing signs of lower highs with 1.2170 as the nearest support. On the 1h, EU is currently having a flag formation (correction pattern), if the pattern is broken downwards we could expect the market to re-test 1.2070 technical support, if price is showing bullish signals breaking recent swing highs, wait for a clear upwards breakout of 1.2270 resistance zone for a possible break & re-test setup with 1.24-1.25 as targets.
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