following the move down on Thursday Week9 I would expect bearishness to continue ranging throughout week10 below the SMAs at least until mid-week.
On Monday morning, same as GOLD , before 9 o'clock, the pair may reach for the SMAs just above 1.12526 to be pushed back below at opening towards 1.12 again. Maybe a potential bull trap forming on those descending SMAs.
But I would reccomend coutiousness as we are at the beginning of the week and clearer patterns may unfold towards mid-end of the week.
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