EURUSD: The pair initially fell down between the 1.2625 and 1.2605support points before rebounding back higher in what welabel as a temporary bounce. The congestion will either takethe shape of a minor (hourly) triangle (remaining below1.2677) or, if 1.2677 is broken creating a bear flag. The latteralternative will bring the pair up to 1.2693 before enteringthe next selling phase.
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