Losing direction as ranges tighten and price pans out sideways

Support in the form of the 10DMA just defining a shallow bull bias, 1.0512

However, 14-day positive momentum is fading: RSI is flat at o/b levels

To the downside a minimum correction off 0.9730-1.0595 is at 1.0391

The 200DMA just below at 1.0350

We prefer to wait for stronger signals

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