And there it comes our drop image

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Two possible scenarios. Caution while below 1.048 level. Agree with ATA selling spikes. Long positions with tight SL. If weekly support is broken that could mean significant drop.

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While below key level move towards area 1.042 in cards

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Key level area 1.048 more down side possible if price close below

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Target reached. Flat now

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Situation adjusted as shown.

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Scenario progress shown as below.

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Scenarios adjusted. Key level at area 1.048 robber banks might to want kiss that before move up. Time will tell

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Two possible scenarios as shown. I see price going above 1.053 area towards 1.056 area. Important data for Germany on Friday.

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Target reached as per earlier post. Flat now.

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We will see if US can popcorn this towards heights.

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I will be looking to add if key level holds as per previous post.

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Tight 30 pips range for last 24H It might expand shortly. Two scenarios as shown. Key level 1.048

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key level reached now.

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Scenarios adjusted as shown. Be aware of market mover speaking later on.

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Scenario one playing nice so far. Expect jump towards 1.048 area.

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5m chart.. area 1.048 key level also as Ata mentioned weekly support on current levels cannot be underestimated.

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Still locked in tight range as shown. Price might want to come down lower to bounce.

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Observe 1.048 area for bounce towards 1.053 area. Other scenario 1.048 is broken look for down side move towards 1.042 area.

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Finish trading week now. Good trading here many good experienced traders and inputs. Enjoy the Weekend. Next week we try to robbing "robber banks" Cheers

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