Direction now clouded by long upper and lower daily candle shadows

Early Wed peak at 1.2470 and pullback to the 1.2419 opening level

Good support at 1.2396 55DMA, 1.2362 cloud top and 1.2345 Fibo

Topside and 10DMA, 1.2459, still resisting on a closing basis

Current price action points to a period of sideways action above cloud

We lean bearish but await stronger signals

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