Short-term range broken Thurs and our 1.2460 short performing

Stop lowered to entry and target set at 1.2290

Close below 1.2400 sees stop lowered again to lock profits

Fourteen day bearish momentum has faded but RSI still falling

Big support levels looming large

The 55DMA at 1.2367, 38.2% Fibo at 1.2345 and cloud top 1.2337

Will monitor strength of any rebounds away from this support area today

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