I wrote yesterday that the technical picture seems more likely to see a volatile situation, as the downward movement appears to have lost momentum, which was ideal for entering trades after a strong reversal of support or resistance. Overall, I did not have any directional bias. This was a good choice, as the price was stabilized and strengthened among the nearest major price levels. I do not see any change today; we are likely to see a continuation of the move within range, especially as the market liquidity will be very weak after the London session because the US is on holiday today.


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