Was expecting some more movement today for this pair. Though it was not too volatile. It played out scenario A. Took out the low marked with green ellipse. We are also dealing with a very round number 1.7000. It is acting kind of a support now. It might not be hit anymore. Most likely 1.7050 was the intraday level that got more attention from the traders. I am waiting for a break out tomorrow to the upside. My target is the white line on the chart @ 1.7190. If price action is strong enough, target should be hit within two days.
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