The rate is currently testing the neckline of a small double top formation which has formed at already established range resistance.
I am looking for a downside break below 1.0505 to enter new short positions to target the range support at 1.0360.
A failure to break through would invalidate my immediate bearish bias as it would suggest a short term bull flag in which case we should be looking a break above 1.0625 to target 1.0670 and 1.0770.
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Wow, did Trump managed to screw this one up for me