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Now we expect a consolidation back around 1.2978, then a down-move with 1.283 fist stop (already hit on the 12th of July).
Weekly Trend: Overbought
1st Resistance: 1.3099
2nd Resistance: 1.3203
1st Support: 1.2978
2nd Support: 1.2830
Here special Fibo Retracement is confirming the following S/R levels against the Monthly and Weekly Trendlines obtained by connecting the relevant highs and lows back to 2001.
See Also EUR/USD & AUD/USD Weekly Technical Analysis Report
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