Well it appears that inflation helped price pullback to 1.079. Price didn't spend much time up there , less than an hour on tuesday , when data came out. ever since we have bears from last week reappear. momentum is strong because of unexpected nfp data, cpi was expected, positively declined , if that makes sense. price is showing us relentless selling pressure. i mean the price is currently holding up a weekly candle top wick that measures 123 pips which isn't unusual but significant. Price has only gone 24 pips below weekly candle open. It is likely we see a larger range created to the downside. current price 1.06596
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