Daily action has lost its way as ranges tighten

Tuesday's hammer candle was followed by gains but move lacked momentum

Bears have an advantage while the 10DMA, 1.3161, caps, on a closing basis

The week's range provides initial levels to watch, 1.3052-1.3181

Weekly parameters widen out to 1.3000 and 1.3299

Weekly bear cross, 10 and 100DMAs noted could have bearing on l/t direction

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