After a down trend, the price action changes its character forming a consolidation between the bottom range at 1.26213 and the top range at 1.28040. If the price breaks the top range with a new high and is followed by a retreat that stops somewhere in the (top of a range) area, we will have confirmed the consolidation as the accumulation phase and we...
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Buyers placed at 1.3775 are eliminated, the price action taking place below this quotation, opening the way to lower prices! Sell Stop at 1.3660