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Price in consolidation ranging between 1305 & 1307.25, after a breakthrough of the 1305 resistance level. Price has been in a slowing bullish channel, testing both the support at the 50MA and the resistance at 1305. If there is a break through resistance at 1307.50 target will be a test at the top of the channel. Bullish momentum slowing down, so if price drops below support which happens to be both the bottom of the channel and the 50MA , the next target to be tested will be at 1293.25 .
Trade what you see.
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