EUR/USD quietly trading around 1.2120 in early Asia

It eased 0.12% to 1.2118 on Friday after trading as low as 1.2081

Longs were trimmed after several attempts to push it above 1.2150 failed

The 50% of 1.2349/1.19522 move is at 1.2150 and validated by price action

Support is at the 10-day MA at 1.2075 and break would suggest top is forming

Range trading expected with LNY in Asia ahead of a US holiday

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