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After yesterday’s data, or rather tweets that quoted Christine Lagarde’s statements, we could expect more traffic. Many people were counting on leaving the flag formation but you can see that the levels defend themselves strongly. A few optimistic news helped other currency pairs, but in this case we are still waiting. As you can see, the price is still at the upper end of the channel, so it’s worth watching this currency pair today. Entering a short position not earlier than after crossing the level of 1.2165 because at this level the last support is visible where the price often reacted.

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