is approaching our first support at 1.2797 (horizontal overlap support, 61.8% Fibonacci extension
, 76.4%, 50% Fibonacci retracement
, Elliot wave
structure) where a strong bounce might occur pushing price up to our major resistance at 1.2959 (horizontal swing high resistance, 38.2% Fibonacci retracement
(89,5,3) is also approaching support where we might see a corresponding bounce in price.
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