Since the summer trading has begin the market has started moving inside some consolidation as the trading activity has chased away. We can tell that the current range is between two big round figures and psychological numbers: 1.2500 current top of the range and resistance and 1.2000 current bottom of the range and support level(see Figure 1).
Important level to watch:
  • 1.2000 = Support, Big round number and psychological numbers;
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