It would take a move above the 1.2700 level to solicit more buying. Having said that a move below the 100 hour moving average followed by the 200 hour moving average at 1.26315 is needed to increase the bearish bias. The lows in the Asian session found support against the 200 hour moving average.
Buyers and sellers have found in their intraday extremes with the 1.2800 area as resistance and the 100 hour moving average at 1.26499 and 200 hour moving average 1.26315 as support.
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