Following last week’s move we see that 1.2990 is support now.

Judging from early price action, we could see 1.3060, where we could try to short with tight 15 point stop. Buying into a dip with stops around 1.2990 could also be the play, whichever comes first.

In case of a fast break through 1.3061 we would go short as close to 1.3075 as possible keeping a tight stop just above.


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