Volatility around the 200-hour moving average, 1.2662

Spike above the hourly cloud to 1.2711 but swift reversal to 1.2671

We remain short from 1.2670 for 1.2405 with a 1.2805 stop

Daily action set to move out sideways above 100-day moving average, 1.2650

Gain consolidation the risk to our long

Good resistance to counter any further strength above 1.2700

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