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So, here's my analysis on a 4h chart
As we can see, there's a strong downtrend line (A).
I've marked the previous support with the blue line (B), and the new low from this trading week with the purple line (C).
We've had a break through on the previous support (D), and then a failled attempt to create new highs (E).
Im pretty confident that the pair will now drop and re-test last month support (F), giving us a good chance of banking an easy 216 PIPS during the next 2 trading weeks.
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