A still more significant erosion (from a new rebound peak, 1.2665), through 1.2418 has switched the focus back to key support.
We now see a growing threat for a break of 1.2352 to signal a top and more neutral range theme, but then also below here for 1.2313, through which sees a more bearish shift.
For Today: We see a downside bias for 1.2402 and below to test stronger foundations at 1.2361/52. We look for this area to hold, but surrender targets 1.2313.
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