Bulls point to a long lower candle shadow Tuesday and positive momentum

Week's gain consolidation could be start of a bullish continuation pattern

Still see potential for a test of 1.2723, 50% Fibo off 1.3290-1.2156

Drop below Tues 1.2475 low would negate bull pattern

However, converged 10, 21 and 50DMAs provide good support at 1.2423

We lean bullish and might consider bidding ahead of 1.2475

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