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Without further a do, Price has been consolidating in range between 1.24~1.222 (200 pips give or take) since mid feb after peaking at 1.25500 with a high wick candle in comparison with recent PA indicating a strong rejection of this level. If we look at the monthly chart, this is just 100 pips short of the 61.8% retracement level of the previous swing low....
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