Watch closely above 1.2060-2040 support area

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If EU can hold this area for today, it's more likely to reverse and back to an uptrend.
No opening position yet...

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Firmly pressure around 1.2095, down again... now watching 1.2060's support.

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2040 has been broken, the downtrend is not ending.

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European session has brought a strong bounce-back; if economic data this afternoon brings another up wave, then the up trend would be back.

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As the pattern is still downwards, I would not open a long position yet. Downwards next target 1.2005

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1.2005 has been reached.

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