Constructive on the daily chart but direction clouded by volatility

A broad 1.2767-1.2995 range set to contain

Underlying bias still bearish and momentum readings are negative

Retracement levels off the 1.3144-1.2767 drop are at 1.2911 and 1.2956

Thursday's 1.2995 high the key resistance level

A 1.2722 Fibo off the 1.2591-1.3144 climb the downside level to

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