Over the US session, several macroeconomic readings will hit the wires, including Durable Goods Orders, Housing prices and Consumer Confidence, and hopefully market will get some action then. As for the technical picture, the 4 hours chart presents a quite neutral stance, with price hovering around a flat 20 SMA and indicators steady around their midlines, lacking directional strength. The immediate support to follow is 1.6545, April this year low, with a break below it probably favoring a downward move towards the 1.6500 area, with a daily close below this last pointing for a stronger slide towards 1.6250 price zone over the upcoming sessions. Above 1.6600 on the other hand, 1.6650 comes as possible bullish target, as per several intraday highs and lows set around the level.
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