EURUSD: Resistance is obvious in the 1.2480-96 zone, but the contracting range was entered from below and should (best fit) be exited higher. A range breakout would ideally target 1.2603 – coinciding with short-term refs there. A hurdle on the way is an intermediate peak at 1.2532 and the intraday stretch (now at 1.2507). First-hand support at 1.2413.
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