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Originally Posted by idejan First resistance is @ 1.2330/40 next arround 1.2370.
Above 1.2330/40 I'll move my stops to b.e
I believe that crude could give some sight to the next move. Crude is in consolidation arround $65 and is most probably set to continue up.
Will just see.
Above 1.2255 we can see some more consolidation (meaning this move up could still be part of a consolidation before a stronger move up), and we need a firm break above 1.2525 to see continuation of the uptrend.
On the downside, below 1.2255 we will see corection to deepen to 1.2150/2100
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Price reached first target @1.2344
Stop's now @ 1.2310
Should find support 1.2328/26
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