As I mentioned last night, there is a strong trading range from 1245 - 1265. I've now outlined that area with a green . I've also added 2 profiles to the chart (you can see them in their entirety on the very bottom chart). The long term dates from the beginning of 2016 to today. What's interesting is that the Point of Control is smack in the middle of that trading range. And that also coincides with the 23% fib retracement of the current year's rally.
The Point of Control on the short term is nearly at the same level as the 38% retracement. If price does drop in the coming days, these would be the areas of interest.
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Disclaimer: This post is for educational purposes only. Trading is at your own risk.