The 4H MA200 is acting as a sell accumulation point (see the orange ) but attention is needed as a prolonged consolidation there and a sudden break above 1.11000 can form a Golden Cross towards the 1.11800 1D Resistance. Note that the heavy speculation for Friday's Nonfarm Payrolls can have that effect.
This doesn't alter our long term outlook towards 1.08900 - 1.08440 as illustrated by the October 23 analysis below:
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