Well the big news yesterday was that EURUSD held the lower trendline of the now established rising wedge there and broke up to test the current rally highs. I have a W bottom target at 1.25. I'm not wild about the short retracement into that pattern but rising wedge resistance is now in the 1.256 area so that is supporting the W bottom target. Short term the 60min RSI is VERY overbought so we might see some consolidation or retracement:
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