One week ago it was highlighted here a directional shift in risk to the downside after a 12-day pivot around 1.42 was broken.
In this regard, the 1.3950 target remains intact but 1.40, more psychological than technical) remains an obstacle to exposing it.
On the upside (using 4 hour chart), resistance at 1.4077 needs to hold to keep the risk pointed down.
(Amazing Trader daily chart)
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