A rebound from a new pullback low, 1.2275, just shy of the 21DMA at 1.2265

Highs of 1.2405 then stalling in early Thursday trade

Market still range trading between 1.2264 and 1.2447

A slight bear bias holding within the daily range but a tight call

Weeklies highlight a demand on dips scenario: long lower candle shadows

Weekly cloud base resistance on a closing basis, currently 1.2392

Will wait for a clearer picture to emerge before setting a new strategy

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