The pair reached the inflection point at the 100- and 50SMA and retreated to lower levels. I'm expecting it to touch the 1.28 level briefly before continuing to the upside.
I expect for a level of 1.2725 testing. My predictions based on the fact of narrowing of the amplitude. The breaking of 1.2725 is unlikely, and after testing it will be a breakthrough down to 1.2530 support.
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