Overnight dip below the 55-DMA gets bought, powerful rally ensues

Neckline of inverse head & shoulders, daily cloud top get broken

Stops above 1.2190 get triggered, rally extends to 1.22435 (EBS)

Daily, monthly RSI rise, monthly bull hammer forming for February

Longs' confidence bolstered as bullish signals are increasing

76.4% Fib of 1.2349-1.1952, Jan 8 daily high are impediments

Bulls target January's 1.2349 monthly high on breaks of those impediments

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