A late Thursday squeeze met our 1.2160 offer

We target 1.2040, just above the 1.2039 Oct. 4 low

Stop placement is at 1.2205, above the Oct. 19 high and 10-DMA

Little in the way of daily support until the Oct. 4 low

A thick weekly cloud has its top at 1.2031

The big bear target is at 1.1805, the low from March

Key for bears, a close below 1.2180, 21DMA and trend supp/res

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