Price had an impulsive move to the upside today after the release of positive U.S. data. Still not taking any trades on this pair yet as price is stuck in what seems to be a triangle. In order for a buy order to be placed price would have to break above the trend resistance and hold that level (1.29) taking a trade at this level would be an aggressive move. Price is just generally in a very critical area where there is a lot of resistance. If price can make it to MR and get above it that would be an excellent sign of strength.
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