As with GBP/USD price is forming a potential bearish continuation pattern

Rising base line comes in tight to market at 1.0494 today, EBS pricing

Failure to break lower today could trigger a squeeze

Topside is guarded by the 10DMA at 1.0648 and a 23.6% Fibo at 1.0639

The Fibo a minimum correction off the 1.1185 to 1.0470 Mar-Apr drop

We offer by 1.0630, ahead of the resistance points.

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