Technically, the 4 hours chart shows price barely above a flat 20 SMA and indicators having recovered some ground but still below their midlines, showing no real upward momentum at the time being. Nevertheless, as long as above 1.2865 now, the upside is favored towards 1.2920 price zone, next strong resistance. A break below mentioned support on the other hand, should see the pair returning to its recent lows around 1.2820, while a break below 1.2810 should see the pair resuming the downside towards 1.2740 price zone.
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